In the second quarter of this year, which was marked by the coronavirus crisis and isolation, the Montenegrin government paid 70,2 million euros in debt, according to the latest official figures from the Ministry of Finance.
5,55 million euros relate to the repayment of debt to residents, and the repayment of debt to non-residents amounted to 35,10 million euros.
The state had to borrow 369,3 million euros from budget financing, the purchase of military equipment and financing of capital investments.
External debt amounted to 3,1 billion euros, i.e. 67,40% of GDP, and domestic debt - 559,38 million euros or 12,14% of GDP. Deposits at the end of the second quarter of 2020 amounted to 379,62 million euros, of which 38 ounces of gold were worth 477 million euros or 60,49% of GDP.
In the second quarter of 2020, 349,9 million euros were withdrawn for the implementation of infrastructure and development projects, as well as for budget financing.
In the second quarter of 2020, five loan agreements totaling € 369,3 million were concluded with foreign lenders.
Of the debt of 3,66 billion euros, Montenegro owes the most on Eurobonds - 1,22 billion euros and 677,88 million euros to the Chinese Exim Bank.
Of the main creditors, Montenegro owes 182,77 million euros to the International Bank for Reconstruction and Development, 103,95 million euros to the European Investment Bank and 74,55 million euros to the Paris Club of creditors.
In addition, Montenegro owes € 36,86 million to the German Development Bank KFW and € 42,11 million to Credit Suisse Bank.
In March this year, Montenegro owed the European Commission 300 thousand euros, but in June it paid the full amount.