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NewsMontenegro, the total state debt without deposits at the end of September...

Montenegro, the total state debt without deposits at the end of September this year was EUR 3.99 billion

Podgorica – The total state debt, without deposits, at the end of September this year amounted to EUR 3.99 billion or 70.17 percent of gross domestic product (GDP), according to data from the Ministry of Finance.

“The total state debt with deposits at the end of September amounted to EUR 3.69 billion or 64.79 percent of GDP,” according to the Ministry’s report published today.

External debt amounted to EUR 3.62 billion, or 63.59 percent of GDP, while internal debt was EUR 375.25 million, or 6.58 percent of GDP. At the end of September, deposits amounted to EUR 306.55 million, including 38.45 thousand ounces of gold, or 5.38 percent of GDP.

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“During the third quarter of this year, there was a reduction in the state debt compared to the second quarter of this year, primarily due to the regular settlement of credit obligations, and taking into account the fact that there were no new credit arrangements during this quarter,” the report specifies.

The Ministry said that a total of EUR 30.68 million was withdrawn in the third quarter, of which EUR 9.61 million, or USD 9.33 million, related to the withdrawal of credit funds for the construction of the priority section Smokovac – Uvač – Mateševo.

“About EUR 21.07 million was withdrawn during the third quarter of this year for the implementation of projects in the field of communal services, energy efficiency, improvement of road infrastructure and the like”, added the Ministry.

The Ministry said that during the third quarter, the state debt was repaid based on the principal, in the total amount of EUR 54.4 million, of which EUR 5.53 million was related to debt repayment to residents, while it was EUR 48.87 million to non-residents. .

“In the same period, interest in the amount of EUR 18.66 million was repaid, of which EUR 18.05 million was foreign interest repayment, while the rest was related to domestic interest repayment,” the document concludes, local media reported.

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