Additional budget incoms spent on loans for KAP

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The government is trying, from current income with additional savings, to settle outstanding obligations of this year until end of this year, in addition not to propose the amendments on the state budget, announced from the Government of Montenegro.

According to current projections, in this year will be charged 68 million more than it what was planned, apropose  109 million more than at the end of last year. By that money, it would cover the cost that budget has on the basis of state guarantees for KAP’s loans  in amount of 103 million euro.

Space for debt in amount of 250 million euros, which was approved for this year, will be used in full. Additional cost for budget, estimates in the Government, represent court execution in amount of 33 million,.

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“The plan is to find the money which will be missing for court execution throught additional revenues and savings,” said source from the government.

We recall that the Prime Minister Milo Djukanovic said yesterday that ,for now, there is no need for budget revision because revenues are above planned.

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