S&P moves Montenegro view to positive

S&P said it revised its outlook for Montenegro to positive from stable and affirmed its B sovereign ratings.

“The outlook revision to positive primarily reflects the potential for Montenegro's fiscal performance to strengthen further over 2024-2025. Although we currently forecast an average general government budget deficit of 3% of GDP over the next two years, Montenegro ran a balanced budget in 2023, largely supported by stronger revenue outturns, but also some one-off factors such as revenue from the now-terminated citizenship-by-investment program and E.U. grants.

“In our view, further growth in tourism and domestic consumption, improvements in tax administration, and additional revenue-accruing measures could underpin a stronger budgetary performance for Montenegro,” the agency said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.