The public debt of Montenegro approached 69% of GDP
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As of March 2014, the total amount of the country's public debt was 2.4 billion euros. At the same time, 505 million euros are deposit amounts, while the actual amount of debt is 1, 93 billion euros. At the moment, the debt has increased by 500 million euros.
The Ministry of Finance of Montenegro said that the state has deposits of 505 million euros, and the net amount of public debt was 1.93 billion, or 54.6% of GDP. The deposit amount is the funds allocated by China in the framework of a loan to finance the route between Bar and Bolyara, which is being built for the implementation of routes between the northern territories of Montenegro and the coast and money for the issue of European bonds. The financial situation in the country has intensified in many respects in connection with this construction. The main thing is not to allow the size of the actual public debt exceeding 60% of GDP. This is a critical indicator, warns the Ministry of Finance, which can cause financial collapse of a national scale. As a compensating measure, the government of Montenegro introduced a fuel surcharge of 7 cents per 1 liter.
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