Insight view
CA-10-years-of-independence-insight-view
CA-10-years-of-independence-insight-view
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10 YEARS OF INDEPENDENCE - INSIGHT VIEW<br />
PROJECTS OF PUBLIC INTEREST OR…<br />
The country guaranteed for more<br />
than half of the billion euros<br />
Total issued guarantees<br />
(data of the Ministry of Finances submitted to daily Pobjeda)<br />
2006 2015 nearly 796,030.00 40 million €<br />
eura €<br />
2007 2015 34.4 796,030.00 million €<br />
2008 2015 almost 796,030.00 38 million €<br />
€<br />
2009 2015 almost 796,030.00 208 €<br />
million €<br />
2010 2015 193 796,030.00 million € and 130 million $<br />
2011 2015 almost 796,030.00 18 million €<br />
€<br />
2012 2015 almost 796,030.00 10 million €<br />
€<br />
2013 2015 almost 796,030.00 26.7 million €<br />
€ and 46.4 million $<br />
2014 2015 20 796,030.00 million $ €<br />
Total sum of issued guarantees<br />
(data from the annual report of the Government’s Commission for<br />
the Control of National Assistance from 2014)<br />
2009 2015 796,030.00 almost 223,199,000 €<br />
€<br />
2010 2015 796,030.00 203,410,000 €<br />
€<br />
2011 2015 796,030.00 18,170,000 €<br />
€<br />
2012 2015 796,030.00 10,000,000 €<br />
€<br />
2013 2015 796,030.00 66,200,000 €<br />
€<br />
2014 2015 796,030.00 25,000,000 €<br />
€<br />
Between 2006 and the end of 2014, the<br />
country issued almost 613 million euros,<br />
94 million dollars, and 87 million<br />
dirhams of United Arab Emirates (around<br />
24 million dollars) worth of guarantees<br />
for state owned and private companies.<br />
Data from the Ministry of Finance indicates<br />
that, out of this amount, 184 million<br />
euros from the budget has been<br />
disbursed, excluding interest payments.<br />
Three years ago, the National Audit Institution<br />
stated in the Report on the Audit<br />
of the State Guarantees for 2010 and<br />
2011, that the Government of Montenegro<br />
issued guarantees without detailed<br />
analysis of the financial position of companies,<br />
economic sustainability of the restructuring<br />
program, and without<br />
appropriate assessment of consequences<br />
that guarantee activating would<br />
have on the national budget.<br />
It is evident that there are huge discrepancies<br />
in the official data the Ministry of Finances<br />
submitted to this daily and data published in<br />
the Annual Report for 2014 of the Governmental<br />
Commission for the Control of National Assistance.<br />
It’s an open question to what extent<br />
this data was manipulated?<br />
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