Research of the transparency level, availability of information, as well as external communication and proactive approach to the citizens in key areas of public financial management in Montenegro, shows a lack of effort on the administrative part and significant problems. One of the key components of the state budget which is aimed at improving the life quality of citizens, is the capital budget. Considering the importance and differencies in the process of making and implementing in relation to the rest of the budget, in this report we point out some of the key problems regarding to openness, preparation and implementation of the capital budget, as well as bringing it close to citizens, with recommendations for improving the situation.
The capital budget represents a special part of annual budget which preparation is defined by the Law on Budget and Fiscal Responsibility, and further elaborated by the Decision on the capital budget preparation and determination and evaluation of criteria for the selection of capital projects.
The authors of the publication, Dragana Jaćimović and Marko Sošić, point out some of the key problems with regard to the openness of the capital budget, its preparation and implementation, as well as bringing it closer to citizens, with recommendations for improving the situation, bearing in mind its importance and differences in the drafting process and executions in relation to the rest of the budget.