Montenegro· BudvaBudva Municipality faces 24 million euro deficit, plans budget rebalance
The Municipality of Budva is planning a budget rebalance to address a 24 million euro deficit, with a proposed budget of 87 million euros to be covered by carry-over funds and a loan.
Background
Local government finances across the region have faced increasing pressure due to various economic factors. Municipalities often rely on a combination of local revenues, national transfers, and borrowing to fund public services and infrastructure projects.
Quorum · collective opinions
Budva Municipality faces 24 million euro deficit, plans budget rebalance
First report 8h agoLast update 8h ago1 takes 1
reporting financial challengesneutralShow 1 post
started 8h ago•Last update 8h ago
The geobit factually reports on Budva's financial difficulties and the proposed measures to address the budget deficit.
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