Prime Minister Milojko Spajić stated that the economic growth in 2025 is in line with the government’s expectations, noting that GDP growth over the past three years has been the strongest in the Western Balkans and one of the highest in Europe.
Responding to a question from Member of Parliament Boris Mugoša during the Prime Minister’s Hour, Spajić emphasized that the year 2024 is marked by favorable economic indicators, both in terms of economic growth and public financial management, as well as strong budget revenue collection.
Regarding the preliminary economic growth in 2024, Spajić confirmed it aligns with the government’s expectations, especially given that the GDP growth over the past three years has been the strongest in the region and among the highest in Europe. He pointed out that the successful implementation of reforms under the “Europe Now 1” program has led to a significant increase in disposable income and, consequently, citizens’ living standards.
The Prime Minister mentioned that the 44th Government has continued with structural reforms that impact purchasing power and ease of doing business. He emphasized that these policies aim to accelerate domestic economic growth and strengthen the long-term stability and sustainability of public finances.
Spajić expressed confidence that the accelerated economic growth, supported by further government reforms and projects, would provide the necessary boost for Montenegro’s medium- and long-term economic transition and overall financial stability. He also highlighted that private consumption reached record levels with double-digit growth, and investments also grew by nearly double digits, all as a result of the government’s reforms. This growth surpassed expectations, leading to GDP results exceeding the Finance Ministry’s plans by over 40 million EUR, confirming the conservatism in economic planning.
He added that the most significant economic results are evident in the record-level budget revenue collection, which exceeded the plan by over 25 million EUR, particularly in VAT and excise tax collections. This is crucial for Montenegro’s economy, especially considering the slowdown in inflation, which was the lowest since 2021 and below projections by the Ministry of Finance.
Spajić concluded by noting that international institutions confirm these assessments, with the European Commission projecting over 4% growth for Montenegro’s economy in 2024, alongside a strong investment cycle expected in the coming years.
