Budgetary Amendments Amidst Mounting Power Company Debt
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Montenegro is grappling with significant financial challenges as the government proposes 23 amendments to the Law on Budget and Fiscal Responsibility, which could see the national deficit rise to 3% and public debt to 60% of GDP. These changes aim to refine fiscal responsibility criteria and introduce potential fines for non-compliance.
Adding to the economic concerns, the state-owned power company, EPCG, is facing a substantial 175 million euro debt primarily due to irregular electricity payments. Meanwhile, security measures have been intensified at Podgorica Airport following incidents involving theft and assaults on airport personnel.
The political landscape continues to be a subject of public discourse, with commentaries on Prime Minister Milojko Spajić and ongoing debates concerning secularism, religious communities, and historical remembrance. Additionally, the country's most prominent football club is experiencing internal and external turbulence.