1. PRESENTATION OF MONTENEGRO
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. Government Finance Statistics (GFS)
Chapter 18: STATISTICS
Government Finance Statistics (GFS)
Bilateral screening: Chapter 18 Presentation of Montenegro Luxembourg, June2013
M O N T E N E G R O
Negotiating Team for Accession of Montenegro to the European Union
Chapter 18:
Statistics

3. Government Finance Statistics (GFS)
Chapter 18: STATISTICS
Government Finance Statistics (GFS)
GFS
M O N T E N E G R O
Negotiating Team for Accession of Montenegro to the European Union
Chapter 18:
Statistics
M O N T E N E G R O
Negotiating Team for the Accession of Montenegro to the European Union

4. Chapter 18: STATISTICS
Introduction
Ministry of Finance of Montenegro is responsible for GFS- Government Finance Statistics.
Ministry of finance produce GFS statistics according to MMF GFS manual 2001.
Monstat is preparing for the introduction of GFS statistics (Introducing with GFS statistics together with representative from Minsitry of finance will be on JVI Course on Linkages between the Government Finance Statistics Manual and the System of National Accounts in Vienna, Austria, from May 20 – May 24, 2013.)
M O N T E N E G R O
Negotiating Team for Accession of Montenegro to the European Union
Chapter 18:
Statistics
M O N T E N E G R O
Negotiating Team for the Accession of Montenegro to the European Union

5. Legislation Budget Law - organic law Annual Budget Law
Chapter 18: STATISTICS
Legislation
Budget Law - organic law
Annual Budget Law
Treasury Guidance
Chart of Accounts Rules
Regulations on Reporting
M O N T E N E G R O
Negotiating Team for Accession of Montenegro to the European Union
Chapter 18:
Statistics

6. Budget of Montenegro is based on five classifications
Chapter 18: STATISTICS
Budget of Montenegro is based on five classifications
Accounting is based on a modified cash basis
Treasury's general ledger records the revenues and expenditures
Budget users are the Social security funds
M O N T E N E G R O
Negotiating Team for Accession of Montenegro to the European Union
Chapter 18:
Statistics

7. Chapter 18: STATISTICS
Activities
In the course is implementation of software for liabilities records
The legal basis for the registration of property
The plan is to move to accrual accounting
M O N T E N E G R O
Negotiating Team for Accession of Montenegro to the European Union
Chapter 18:
Statistics

8. The calculation of results (deficit/surplus)
Chapter 18: STATISTICS
The calculation of results (deficit/surplus)
The calculation of results is done in accordance with The Budget Law
M O N T E N E G R O
Negotiating Team for Accession of Montenegro to the European Union
Chapter 18:
Statistics

9. Chapter 18: STATISTICS
Reporting
Budget users submits quarterly reports to the Ministry of Finance
The Ministry of Finance shall submit reports to the government as required and at the end of fiscal year
The government submit a report to Parliament at the end of fiscal year
The Ministry of Finance regularly publishes monthly GDDS data
M O N T E N E G R O
Negotiating Team for Accession of Montenegro to the European Union
Chapter 18:
Statistics

10. Issues The lack of standards which define the Budget users
Chapter 18: STATISTICS
Issues
The lack of standards which define the Budget users
The inconsistency in planning
Frequent changes in classification
M O N T E N E G R O
Negotiating Team for Accession of Montenegro to the European Union
Chapter 18:
Statistics

11. Chapter 18: STATISTICS
Planned activities
It is planned to introduce and move to ESA 95 system in the period of 5-7 years, with expert assistance from the EU.
M O N T E N E G R O
Negotiating Team for Accession of Montenegro to the European Union
Chapter 18:
Statistics

12. Thank you for your attention!
QUESTIONS