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Montenegro

Budget Transparency: Amend the Organic Law on Budget with Precise Deadlines and Specific Fiscal Rules (ME0042)

Overview

At-a-Glance

Action Plan: Not Attached

Action Plan Cycle: 2012

Status: Inactive

Institutions

Lead Institution: Ministry of Finance

Support Institution(s): NA

Policy Areas

Fiscal Openness, Publication of Budget/Fiscal Information

IRM Review

IRM Report: Montenegro IRM Progress Report 2012-2013

Starred: No

Early Results: No IRM Data

Design i

Verifiable: Yes

Relevant to OGP Values: Public Accountability

Potential Impact:

Implementation i

Completion:

Description

In order to increase transparency of use of public funds, the Government of Montenegro will amend the organic Law on Budget to define in a more precise manner dates in the budgeting calendar, aimed at providing sufficient time to all participants in the planning process, including also the parliamentary procedure. Furthermore, introduction of specific fiscal rules and medium-term budgeting is also planned, which will increase significantly the transparency, accountability in planning and implementation, as well as precision in planning of the budget.


Commitments

Open Government Partnership