Montenegro· BudvaBudva Municipality faces 24 million euro deficit, plans budget rebalance
The Municipality of Budva is planning a budget rebalance to increase its budget to 87 million euros, with a 24 million euro deficit to be covered by funds carried over from the previous year and a new loan.
Background
Local government finances in Montenegro have faced scrutiny due to varying levels of debt and budget management across municipalities. These financial challenges often impact public services and infrastructure projects, drawing attention to fiscal responsibility and local governance.
Quorum · collective opinions
Budva Municipality faces 24 million euro deficit, plans budget rebalance
First report 15h agoLast update 15h ago1 takes▼ 1
concern over financial deficitnegativeShow 1 post
started 15h ago•Last update 15h ago
The municipality is facing a significant deficit, necessitating a budget rebalance and reliance on previous year's funds and a loan.
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