Montenegro’s Ministry of Finance reported that budget revenues for the period January to June 2025 increased by 12 million euros compared to the same period in 2024. This growth was achieved despite faster VAT refunds, with strong results in key tax categories.
VAT collections rose by 66 million euros, corporate income tax increased by 18.9 million euros, and excise tax revenues went up by 12.6 million euros. Overall, revenues for the first half of the year reached 97 percent of the planned target. The shortfall of 28 million euros is mostly due to lower-than-expected donor grant inflows, which are anticipated later in the year.
In June, gross tax collection exceeded both the previous year’s level and the planned monthly amount by over 12 million euros, reflecting continued strong performance.
From January to May, total revenues amounted to 1.097 billion euros, or 13.8 percent of GDP, which is 8.5 million euros more than during the same period in 2024. The budget deficit for the first five months stood at 45 million euros, which is 61.2 million euros lower than planned. A surplus in current spending of 8.4 million euros was also recorded.
The Ministry urged the media to use official data from government websites to ensure accurate and responsible coverage of fiscal matters.
