Montenegro Economic and Fiscal programme 2010 – 2013

Abstract

2010-2013 Economic and Fiscal Programme (hereinafter: EFP) is a step forward in economic and political communication of the Government of Montenegro with the European Commission. While preparing this year’s EFP our goal was, among other things, to respond to comments and remarks of the European Commission to the last year’s 2009-2012 EFP as well as to anticipate the requests that Montenegro, as a candidate country, will receive next year in preparation of PEP. Comparing to the last year’s EFP, breakthroughs effected include the following Preparation of this EFP was for the first time included in regular preparation of national fiscal documents, mid-term fiscal framework and the annual budget. Preparation of EFP i.e. future Pre-accession Economic Programme (hereinafter PEP) is therefore integrated into preparation of the most significant national fiscal documents. For the first time, EFP includes the Government's output gap assessment as well as the assessment of structural surplus/deficit. In preparation of this year's EFP, special attention has been paid to enhancement of the quality of the text relating to structural reforms. Text is now shorter and more concise and we find the detailed assessment of budgetary effects of measures and policies related to structural reforms to be the special quality of the document.