1. M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Working Group for Chapter 18 – Statistics Bilateral screening: Chapter 18 PRESENTATION OF MONTENEGRO Luxembourg, June 2013

2. EXCESSIVE DEFICIT PROCEDURE (EDP) Bilateral screening: Chapter 18 Presentation of Montenegro Luxembourg, 23-24 June2013 Chapter 18: STATISTICS M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Chapter 18: Statistics

3.  EDP M O N T E N E G R O Negotiating Team for the Accession of Montenegro to the European Union Chapter 18: STATISTICS M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Chapter 18: Statistics EXCESSIVE DEFICIT PROCEDURE (EDP)

4. Chapter 18: STATISTICS M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Chapter 18: Statistics Recording of Public debt  The Ministry of Finance publishes quarterly and annual reports on Public debt  In the Public debt is included the debt of local governments  The Ministry of Finance keeps track of the total debt, and the competent authority of the local government keeps a record of local government debt

5.  Records of public debt provides information of the domestic and foreign debt  External debt includes information about external debt by creditors, as well as information on unspent funds, also by creditors  Internal debt includes information about local government debt, debt to domestic commercial banks, frozen savings, compensation, Treasury bills and bonds M O N T E N E G R O Negotiating Team for the Accession of Montenegro to the European Union Chapter 18: STATISTICS M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Chapter 18: Statistics

6.  The records of state debt service is kept at the Ministry of Finance, through the SAP system so that all payments are recorded on the Consolidated Treasury Account  Government debt does not include data on state property, as well as the debt of state-owned enterprises, and financial and non-financial assets of SOEs M O N T E N E G R O Negotiating Team for the Accession of Montenegro to the European Union Chapter 18: STATISTICS M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Chapter 18: Statistics

7. Deficit/surplus Definition (Calculation) surplus / deficit Sources of financing the deficit The use of surplus Reporting on the surplus / deficit Chapter 18: STATISTICS M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Chapter 18: Statistics

8.  In the the area of ​​statistics of public debt and deficit EU legislation relating to the excessive deficit procedure will be applied after entering Montenegro into the European Union.  Montenegro is familiar with the legal framework, the Council Regulation (EC) No 3605/93, as amended, on the implementation the Protocol on the excessive deficit procedure. M O N T E N E G R O Negotiating Team for the Accession of Montenegro to the European Union Chapter 18: STATISTICS M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Chapter 18: Statistics

9.  In Montenegro in progress is harmonization activities and introducing statistics excessive deficit procedure(EDP statistics) on an annual and quarterly basis.  Among other issues is necessary to resolve issues such as the definition of the government sector, and the implementation of accrual principles in the framework of the excessive deficit M O N T E N E G R O Negotiating Team for the Accession of Montenegro to the European Union Chapter 18: STATISTICS M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Chapter 18: Statistics Planned activities

10.  It is planned to introduce and move to ESA 95 system in the period of 5- 7 years, with expert assistance from the EU.  Montenegro does not expect any difficulties in the full adoption of these regulations at the time of accession to the EU. M O N T E N E G R O Negotiating Team for the Accession of Montenegro to the European Union Chapter 18: STATISTICS M O N T E N E G R O Negotiating Team for Accession of Montenegro to the European Union Chapter 18: Statistics Planned activities

11. Thank you for your attention! QUESTIONS