Montenegro: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro

February 24, 2022

Summary

COVID-19 hit the economy hard, but a strong recovery is underway. Public debt, already elevated before the pandemic, has increased further. The government has embarked on a reform program ‘Europe Now’, which aims to arrest outward migration through a sharp minimum wage increase, labor tax wedge reduction, and the introduction of a progressive tax code. The financial sector appears to have withstood the COVID-19 shock well.

Subject: Expenditure, Government debt management, International organization, Labor taxes, Monetary policy, Public debt, Public financial management (PFM), Revenue administration, Taxes

Keywords: authorities' baseline scenario, Europe, Global, Government debt management, Labor taxes, Montenegrin authority, production GDP estimate, staff growth estimate, taxation regime

Pages:
76
Volume:
2022
DOI:
https://doi.org/10.5089/9798400201332.002
Issue:
060
Series:
Country Report No. 2022/060
Stock No:
1MNEEA2022001
ISBN:
9798400201332
ISSN:
1934-7685

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