Bulletin - Vlada Crne Gore

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Macroeconomic Analysis BULLETIN OF THE MINISTRY OF FINANCE/APRIL - JUNE 2006 Expenditures of the Republic Budget for the period January-May 2006 were executed to the amount of 208,8 mil.eur, which accounts for 87 % of total planned expenditures for the said period. For current and capital expenditures with net loans, 217 mil.eur was disbursed, while59 mil.eur was disbursed by transfers to the Funds and local self-government,. Lower level of disbursements on account of planned expenditures for the first five months 2006 had no influence on increase in outstanding liabilities, indicating that spending units, while planning monthly spending decided on a higher level of spending in the first and second quarter 2006. Real lower level of spending, particularly with respect to capital expenditures, allowed repayment of credit and outstanding liabilities from previous years on account of less disbursed amounts for current and capital expenditures III PENSION AND DISABILITY INSURANCE FUND (PIO FUND) From the PIO Fund, for the period January-May 2006, funds for pension disbursement were provided to the amount of 62,50 mil.eur. Pension amounts are adjusted from the semi-annual amount based on the statistic data on cost of living and average earnings of employees from the previous semi-annual period. Increase in number of pensioners is planned to decline in 2007, as a result of enforcement of a new Law on Pension and Disability Insurance, which can be seen based on data on average number of pensioners in 2005 (93.033) and average number of pensioners for the period from January-May 2006 (92.159) 1. PLAN AND REALIZATION OF THE FUND PIO BUDGET FOR THE PERIOD FROM JANUARY-MAY 2006 Current revenues of the Fund PIO were realized to the amount of 49,84 mil.eur and are lower than planned by 2,60 %. Transfers from the Republic Budget were realized to the amount of 20,44 mil.eur and were executed 68,4 % as compared to the plan. Total spending of the Fund PIO for the period January-May 2006 amounted 71,24 mil.eur, being less than planned by 11 %. Lower level of the Fund PIO spending is a result of lower execution of liabilities to the Pensioners Health Insurance Fund. In this period, surplus of the Fund PIO is planned to amount 4,00 mil eur. However, due to lower realization of transfers, it amounts 1,00 mil eur. The Table below shows realization of the receipts and execution of the Fund PIO budget for the first five months 2006, including deficit and financing: 44
Macroeconomic Analysis BULLETIN OF THE MINISTRY OF FINANCE/APRIL - JUNE 2006 45
Page 1: • BulletinIV • April - June 200
Page 4 and 5: TABLE OF CONTENTS BULLETIN OF THE M
Page 6 and 7: Introduction BULLETIN OF THE MINIST
Page 8 and 9: Law on property-legal relations to
Page 10 and 11: Law on property-legal relations to
Page 12 and 13: New draft Law on state property BUL
Page 14 and 15: New draft Law on state property BUL
Page 16 and 17: Restitution BILTEN Ministarstva fin
Page 18 and 19: Contents of draft law on tax adviso
Page 20 and 21: Procedures In the tax procedure BUL
Page 26 and 27: „1000 housing credits” BULLETIN
Page 28 and 29: European Bank for Reconstruction an
Page 30 and 31: European Bank for Reconstruction an
Page 32 and 33: Support to reform processes of the
Page 34 and 35: Most important activities of the mi
Page 36 and 37: Review of other news BULLETIN OF TH
Page 38 and 39: Payment of third instalment of old
Page 40 and 41: Report on account of public debt of
Page 42 and 43: Macroeconomic Analysis BULLETIN OF
Page 50: Macroeconomic Analysis BULLETIN OF

Bulletin - Vlada Crne Gore

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