Podgorica, (MINA-BUSINESS) – The Ministry of Finance (MF) stated Montenegro continues to demonstrate responsible and stable management of public finances, as confirmed by the first budget execution data for January this year, adding that capital investments were several times higher than last year.

According to the Ministry, budget revenues amounted to €162.6 million, which accounts for 1.9 percent of the estimated gross domestic product (GDP) and is 3.8 percent more than in January last year.

“Value-added tax increased by 7.2 percent, excise duties by 9.3 percent, while personal income tax recorded stable growth of 3.8 percent,” the MF said in a press release.

On the other hand, budget expenditures in January amounted to €195.9 million, or 2.3 percent of the estimated GDP, marking a significant decrease compared to the same period last year.

“Additionally, capital expenditures reached €18.6 million in January 2026, which is €18.5 million more than in the same month of 2025,” the MF stated.

According to the press release, this marks a major boost in investments and clearly confirms the Montenegro’s commitment to infrastructure development, modernization, and strengthening economic capacities.