director - Ministarstvo finansija

Activities of the minister
BULLETIN OF THE MINISTRY OF FINANCE/JANUARY-MARCH 2006
Review of the most important
activities of the Minister of
Finance january- march 2006
March 24, 2006 - Vienna: Credit Contract for Medical
Equipment Procurement Funding signed between the
Healthcare Fund of the Republic of Montenegro and Austrian
«Erste bank»
"Signing of the Credit Contract
for Medical Equipment Procurement
Funding between the
Healthcare Fund of the Republic of
Montenegro and Austrian «Erste
bank», to the total amount of
4.108.250,00 Euro".
“Arrangement with the “ Erste
bank” enabled the procurement of
high quality equipment which
should promote the Montenegrin
Health System and increase the
possibilities of our citizens’ medical
treatment, said the Minister Lukšić.
The arrangement is very favorable,
approved according to the OECD conventional conditions, and it
practically consists of a significant percentage of donation, because it
is subsidized by the Austrian Government”.
March 20, 2006 – The Minister of Finance Igor Lukšić held
talks with the Ambassador of India to Serbia and Montenegro
Lavania Prasad
"The Minister Lukšić pointed to the results achieved by the Government
in the framework of the overall Montenegrin economic
system improvement, informed about the basic macroeconomic indicators
and emphasized successive improvement, which was evidently
achieved in the last three years. He said that realization of stabilization
measures and structural reforms led to constant increase of real
GDP growth in the last four years so that the preliminary estimated
rate for 2005 amounted to 4,1% and informed that the consolidated
budget deficit was around 2,7% of GDP in 2005, and aggregate
consolidated expenditure in the last years decreased from over
48% in 2003 to 46% in 2005 with the plan of 44,5% of GDP in 2006.
In addition, the Minister Lukšić pointed to the successful finalization
of arrangement with the IMF, good cooperation with the World Bank
and underlined that he expected also the integration process acceleration
in the forthcoming period".
March 16, 2006 – Statement of the Minister of Finance Igor
Lukšić following the session of the Government of the Republic
of Montenegro on the occasion of Information on the Project
"1000 housing credits", Proposal for keeping records of savers
who are the citizens of Montenegro, who deposited foreign
currency savings with the banks outside the territory of
Montenegro and Analysis of the tax policy realization for
2005.
“Thousand of housing credits with the interest rate of four percent.
The banks will calculate the interest rate of 6.4 percent and the
Government will subsidize 2.4 percent. The credits will not be offered
only to the Public Administration but also to the wider public”. Neither
the European states have cheap housing credits”.
March 14, 2006 – Receipts of the Republican Budget for the
period from January 1 to February 28, 2006
"Own source revenues in February 2006 are higher by 15,36% in
comparison to the planned and by 52,33% in comparison to realization
in February 2005.
Higher realization in comparison to the plan has been evident in
relation to all kinds of revenues (Personal Income Tax by 3,14%; Corporate
Income Tax by 2,7 times; Tax on Transfer of Real Estate and
Rights by 63,98%; Value Added Tax by 24,71%, Excises by 8,89%; International
Trade and Transactions Tax by 27,19%, other republican
taxes by 41,92%; fees by 27,67%; compensations by 53,74%).
Higher realization in February 2006 has been evident in relation
to all own source revenues in comparison to the same month of the
previous year.
Receipts of the Republican Budget for the first two months of
2006 have been realized to the amount of 62.340.387,30 eur.
Own source revenues earned to the amount of 61.650.449,41 eur,
for January and February 2006 are higher by 9.009.524,97 eur or
17,12% in comparison to the planned and by 20.626.372,96 eur or
50,28% in comparison to the same period in 2005.
Higher realization has been evidently achieved in relation to all
kinds of taxes in this period (except for the Personal Income Tax -
92,97%), court fees, compensation for games of chance organization,
compensation for roads and revenues earned by the institutions’ performance
of duties ".
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