Committee on Economy, Finance and Budget holds its 32th Meeting

Monday, 11 December 2017 15:38

Committee on Economy, Finance and Budget holds its 32th Meeting

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Proposal for the 2018 Budget Law of Montenegro supported

At its Meeting held today, the Committee on Economy, Finance and Budget considered and decided to propose to the Parliament to adopt the Proposal for the 2018 Budget Law of Montenegro. The Committee noted, inter alia, that the receipts of the state budget for the next year were EUR 2,001,134,964.15, allocated in the following manner: Current budget in the amount of EUR 849,999,174.29; Reserves in the amount of EUR 16,997,092.14; Budget of state funds in the amount of 666,803,601.72 €; Capital budget in the amount of EUR 287,675,000.00 and Transaction of financing of expenditures in the amount of 179,660,096.00 €, while the budget deficit is planned at the level of 116,228,776.74 €.

Pursuant to Article 137 of the Rules of Procedure of the Parliament of Montenegro, the Committee learned about the opinions of the parliamentary working bodies, which had considered the Proposal for the Budget Law in the area under their scope of authorities.

In accordance with Article 67 of the parliamentary Rules of Procedure, a representative of the Union of Free Trade Unions of Montenegro participated in the part of the meeting devoted to the consideration of the proposal for the next year budget.

Starting from the initiative submitted by the representative of the proposer, and in accordance with Article 148 of the parliamentary Rules of Procedure, the Committee submitted an amendment to the proposal for the said law, which has become an integral part of the draft law wording.

The Committee also considered and decided to propose to the Parliament to adopt the Proposal for the Law on foreign trade of goods and services which could be used for capital punishment, torture and other cruel, inhuman or degrading treatment or punishment.

In accordance with Article 71 of the Law on Central Bank of Montenegro, the Committee learned about the CBCG Financial Plan for 2018 and noted that the revenues of the CBCG in 2018 were planned in the amount of EUR 14,259,390.00, expenditures in the amount of EUR 12,248,435.00, and net profit in the amount of EUR 2,010,955.00.