According to the data of the Fund for pension and disability insurance of Montenegro, total receipts for the period January 2019 – September 2019 amounted to €318.6 million, by 1,2% higher than in 2018.
Contributions share, as fundamental funding source of the Fund, amounted to 70,3% of total revenues.
Transfers from the budget, accounting for 29,5% of total revenues, are by 5% lower than in the same period last year.
Total expenses of the Fund amounted to €318, 6 million.
Expenses for pensions are the most important item in the expenses, amounting to 99,1% of total expenses.
According to data released by the Fund, total revenues generated over nine month-period in 2019 amounted to €178,4 million, by 8.6% higher than in 2018.
Total expenses amounted to €178,4 million, which means that the Fund had a balanced budget.
Greatest share in total expenses refereed to the expenses concerning transfers, individuals, non-government and public sector (€80,8 million), current expenses amounting to €73,1 million, transfers for social protection (€23, 2 million), and €1,3 million referred to capital expenses.
Outstanding liabilities of the Fund amounted to €24,7 million at the end of September. Outstanding liabilities mostly referred to transfers to institutions, individuals and loans, whereas liabilities concerning transfers for social protection amounted to €6,8 million.
