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Published Final Report on Audit of Revenues of the Budget of Montenegro on the basis of concluded concession contracts for the usage of natural resources

Podgorica, 2nd June 2014 - With regard to Annual audit plan for 2014, the State audit institution has conducted an audit of the revenues of the Budget of Montenegro on the basis of concluded concession contracts for the usage of natural resources.


The audited entity has been the Government of Montenegro - Concession Commission, Ministry of Economy, Ministry of Agriculture and Rural Development, Forestry Directorate, Water Administration, Ministry of Transport and Maritime, Port Authority, Tax Administration and Inspection Directorate.

The subjects to audit have been the revenues of the budget of Montenegro on the basis of concluded concession contracts for the usage of natural resources. Due to the direct impact on the collection of these revenues, the audit has covered granting of concessions, calculation of concessions, concession fees and supervision of the execution of obligations undertaken under the concession contract by the audited entities. 

The State audit institution has conducted a cross section audit and regularity audit (compliance).

On the basis of conducted audit, determined factual state and deliberation on audit entities opinion on the preliminary audit report, the competent Collegium has adopted the final audit report and given six recommendations.

The competent Collegium has determined that on the basis of the extent and character of identified irregularities and deficiencies within the audited entity: the Parliament of Montenegro and the Government of Montenegro should be informed about the content of the Final Report on the audit of "Revenue of the Budget of Montenegro on the basis of concluded concession contracts for the usage of natural resources" and audited entities should report on measures taken related to implementation of the recommendations of this report to the State audit institution within six (6) months.

Excerpt from the Audit report - Revenues of the Budget of Montenegro from Concluded Concession Contracts for the Usage of Natural Wealth

Audit report - Revenues of the Budget of Montenegro from Concluded Concession Contracts for the Usage of Natural Wealth (mne)