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The Government's work program for 2023 envisages the preparation of the Program of Economic Reforms for Montenegro for the period 2024-2026 year.

The Program of Economic Reforms (PER) for Montenegro is the most important national strategic document in the context of the economic dialogue of Montenegro with the European Commission and the members of the European Union. Namely, the Program of Economic Reforms for Montenegro is a document in which the Government of Montenegro presents the economic policy of Montenegro for the next year and the medium-term period and the basis for economic dialogue with the European Commission in the process of EU integration. In this way, the Government of Montenegro, through PER, has the task of building economic policy measures on the key development priorities defined in the most important strategic documents, as well as on the recommendations of the European Commission.

Montenegro has been participating in the preparation of the Program of Economic Reforms since 2015.

In July, the European Commission invited Montenegro to prepare the PER by sending guidelines for the preparation of the document. The guidelines contain detailed instructions on the content and structure of the document, the methodology of its preparation, coordination, deadlines, the method of communication and the number of pages the document should contain.

The document consists of three key chapters: (1) macroeconomic framework, (2) fiscal framework and (3) chapter on structural reforms. The macroeconomic framework contains medium-term macroeconomic projections (GDP, inflation, balance of payments). The chapter on the fiscal framework is based on the medium-term fiscal framework and budget plans for three years. Compared to last year, the new guidelines divide the analysis of structural reforms into 3 areas (instead of the previous 13) and for each of the three areas a maximum of two priority structural reforms should be identified, which can be 6 in total (instead of the previous 20). These areas are as follows:

a) Competitiveness:
Business environment and reduction of the informal economy;
Reform of State-owned enterprises;
Economic integration reforms;
Agriculture, industry and services;
Research, development and innovation;

b) Sustainability and resilience:
Green transition/digital transformation;
Energy market reforms;
Transport market reforms;

c) Human capital and social policies:
Education and skills;
Employment and labor market;
Social protection and inclusion;

As a contribution to the fulfillment of the priorities related to the economic dialogue with the European Commission and the members of the European Union, and in connection with the preparation of this important document, the Ministry of Finance finds it very important to be interested in and communicate with representatives of international organizations, representatives of the private sector, civil society, the NGO sector, the academic community, local governments, citizens and other parts of civil society. Topics included in the Program of Economic Reforms for the period 2024-2026. year will be the subject of a broad consultative process with the most important stakeholders in society, already in the initial phase of drafting the document. In this context, the Ministry of Finance is informing you that on November 8, 2023, from 11:00 a.m. to 1:00 p.m., a round table with interested parties will be organized at the Ramada Hotel ("Lesendro" hall, Bulevar Sava Kovačevića 74, Podgorica).

Proposals and suggestions can be submitted to the e-mail address ivana.radojicic@mif.gov.me, no later than November 15, 2023.

You can find more information in the official call.

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