Montenegro: Technical Assistance Report - Public Investment Management Assessment

June 9, 2022

Summary

Public investment is expected to play a significant role in the post-pandemic economic recovery in Montenegro. Due to the importance of the tourism sector, the pandemic has had a deep economic impact. In addition, as government debt already exceeds one hundred percent of GDP, fiscal space to increase public investment is limited. Nevertheless, the completion of the first phase of the Bar-Boljare Highway (BBH), by the end of 2021, should free up public resources within the budget constraint, that could be used for public investments. In this context, a strengthened public investment management (PIM) framework would contribute to maximize its impact on economic growth.

Subject: Budget planning and preparation, Capital budget, Capital spending, Expenditure, International organization, Monetary policy, Public financial management (PFM), Public investment spending

Keywords: Budget planning and preparation, Capital budget, Capital spending, efficiency frontier, Global, I. Public investment, IMF's Fiscal Affairs Department, management framework, Public investment spending, staff from the IMF's Fiscal Affairs Department, staff team of the International Monetary Fund

Pages:
74
Volume:
2022
DOI:
https://doi.org/10.5089/9798400210891.002
Issue:
166
Series:
Country Report No. 2022/166
Stock No:
1MNEEA2022003
ISBN:
9798400210891
ISSN:
1934-7685

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