THE COUNTRY: ECONOMIC POLICY Work of courts since BIJELO POLJE 2006, 5 initiated court proceedings, 2 persons convicted, proceeding after complaints for 2 cases, 1 decision that court has no jurisdiction since 2006, 9 final verdicts, 27 persons covered, 2 persons convicted, proceeding stopped for 3 persons, 22 persons acquitted Tivat Tivat PODGORICA 41
10 YEARS OF INDEPENDENCE - INSIGHT VIEW PROJECTS OF PUBLIC INTEREST OR… The country guaranteed for more than half of the billion euros Total issued guarantees (data of the Ministry of Finances submitted to daily Pobjeda) 2006 2015 nearly 796,030.00 40 million € eura € 2007 2015 34.4 796,030.00 million € 2008 2015 almost 796,030.00 38 million € € 2009 2015 almost 796,030.00 208 € million € 2010 2015 193 796,030.00 million € and 130 million $ 2011 2015 almost 796,030.00 18 million € € 2012 2015 almost 796,030.00 10 million € € 2013 2015 almost 796,030.00 26.7 million € € and 46.4 million $ 2014 2015 20 796,030.00 million $ € Total sum of issued guarantees (data from the annual report of the Government’s Commission for the Control of National Assistance from 2014) 2009 2015 796,030.00 almost 223,199,000 € € 2010 2015 796,030.00 203,410,000 € € 2011 2015 796,030.00 18,170,000 € € 2012 2015 796,030.00 10,000,000 € € 2013 2015 796,030.00 66,200,000 € € 2014 2015 796,030.00 25,000,000 € € Between 2006 and the end of 2014, the country issued almost 613 million euros, 94 million dollars, and 87 million dirhams of United Arab Emirates (around 24 million dollars) worth of guarantees for state owned and private companies. Data from the Ministry of Finance indicates that, out of this amount, 184 million euros from the budget has been disbursed, excluding interest payments. Three years ago, the National Audit Institution stated in the Report on the Audit of the State Guarantees for 2010 and 2011, that the Government of Montenegro issued guarantees without detailed analysis of the financial position of companies, economic sustainability of the restructuring program, and without appropriate assessment of consequences that guarantee activating would have on the national budget. It is evident that there are huge discrepancies in the official data the Ministry of Finances submitted to this daily and data published in the Annual Report for 2014 of the Governmental Commission for the Control of National Assistance. It’s an open question to what extent this data was manipulated? 42
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