The Ministry of Finance is the Source of Misinformation.

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        <p>"Vijesti" remains committed to delivering unbiased information on public finances. Photo: Shutterstock</p>
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    <p>The Ministry of Finance's statement, "Revenue data are not concerning," does not contest any data mentioned in the article "Revenues in six types of duties are declining." The figures regarding budget revenue drops in February were taken from their own report. Their recent explanation for the decline is questionable and was absent from last week's report statement.</p>

    <p>The Ministry claims they were not given adequate time to respond, with questions emailed at 11:47 on Friday and the piece published in "Vijesti" on Saturday. They didn't acknowledge that the email contained a request for a timely response: "Please let me know when I can expect answers." Had anyone from the Ministry briefly replied, indicating a timeline for their response, it would have alleviated any waiting. Nonetheless, with a report already made public, the need for further delay is unjustified.</p>

    <p>Claims of “tendentious and unfounded reporting” by one of the leading media outlets are unfounded. It is the Ministry of Finance that, through its misleading statements, prompts the media coverage they bemoan.</p>

    <p>If the Ministry is proud of achieving a surplus while failing to meet all planned obligations, or if it boasts about Montenegro's low speculative credit rating, then it is misleading the public, not "Vijesti."</p>

    <p>"Vijesti" and the author of this piece are fulfilling their role by scrutinizing and verifying all government announcements, including those from this ministry, and will maintain this commitment moving forward.</p>

    <p>The Ministry claims that revenue drops in February occurred because the treasury records the last working day’s data as the next month’s revenue, noting around 1 million euros in VAT and 4.7 million euros in contributions recorded on March 5. This detail was absent from their earlier statement.</p>

    <p>It's a known fact how the treasury functions, and the figures might indeed be accurate. However, this creates confusion since every month has a last day. Thus, revenues from the last day of January benefited February, much the same as March would from February's last day—suggesting the transfers shouldn't cause significant discrepancies.</p>

    <p>Regarding VAT refunds, the Ministry has a legal obligation to carry this out monthly, which should not be framed as a goodwill gesture towards taxpayers.</p>

    <p>Moving funds from one month's last day to the next, along with VAT refunds, are standard practices incorporated in budget planning. Major monthly financial errors totaling millions are not acceptable.</p>

    <p>Lastly, the Ministry did not clarify whether a decline in revenue for February could also be anticipated in March. They stated that March revenue data will be available at the end of April while, paradoxically, asserting that they "monitor developments daily." Nonetheless, we will await the end of April and continue to keep the public informed about public finances objectively.</p>

    <p class="gt-block"><strong><em>Goran Kapor</em></strong></p>

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