According to the Mid-Term Debt Management Strategy for 2025–2027, Montenegro’s public debt is projected to reach 5.66 billion euros by the end of 2027, or 64.6% of GDP, under the basic scenario. This represents an increase of 1.1 billion euros over three years. In a scenario with slower economic growth, public debt could rise to approximately 5.8 billion euros (68.5% of GDP), a 1.24 billion euro increase.
The strategy outlines that by the end of 2024, the public debt will amount to 60.56% of GDP, with net public debt reaching 55.57%. In 2025, the debt is expected to increase by 237 million euros, with a slight reduction in its share of GDP.
In 2026, Montenegro’s public debt is projected to rise to 5.35 billion euros (63.9% of GDP), with a significant increase due to infrastructural and developmental projects. By the end of 2027, the public debt is expected to reach 5.66 billion euros (64.6% of GDP).
The strategy also emphasizes the need for fiscal stability, with a focus on extending debt maturities and balancing financing costs and risks. Investments in key infrastructure projects, such as transport, energy, and healthcare, will drive economic growth and increase competitiveness.
While public debt is expected to remain above the Maastricht criterion of 60% of GDP in the medium term, the strategy aims to balance fiscal responsibility with the need for intensive investment. Investments are expected to stimulate long-term economic growth, ultimately reducing the debt burden relative to GDP.
The strategy’s successful implementation depends on effective coordination, transparent communication, and a focus on sustainable development and EU integration.
