# Montenegrin municipal finance and debt

> Live situation record from CLSTR: https://clstr.news/situations/montenegrin-municipal-finance-and-debt
> Updated: 2026-09-02T09:54:00.000Z. Sources: 3. Developments: 2.

In mid-2026, Montenegro’s local governments faced significant financial challenges, with total outstanding obligations reaching 48.48 million euros by the end of June. Debt was heavily concentrated in four municipalities—Budva, Ulcinj, Cetinje, and Rožaje—which together accounted for nearly 80 percent of the national municipal debt. Budva held the highest individual debt at 13.03 million euros.

By July 2026, reports indicated varying revenue performance across municipalities. Bar Municipality emerged as the leader in municipal fee revenue, collecting 7.54 million euros, primarily driven by communal equipping of construction land. This surpassed the revenue of the capital, Podgorica. Nationally, local governments collected 385.62 million euros between January and July, with 31.94 million euros derived from fees.

## Timeline

### 2026-09-02: Bar Municipality leads Montenegro in municipal fee revenue

Bar Municipality leads Montenegro in municipal fee revenue, collecting 7.54 million euros in the first half of the year, primarily through construction land equipping fees.

3 sources. https://clstr.news/cluster/bar-municipality-leads-montenegro-in-municipal-fee-revenue

### 2026-08-18: Budva leads Montenegro's municipal debt at 13.03 million euros

Montenegrin municipalities face 48.48 million euros in unpaid obligations, with Budva, Ulcinj, and Cetinje accounting for over 68 percent of the total debt.

2 sources. https://clstr.news/cluster/budva-leads-montenegros-municipal-debt-at-1303-million-euros

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Cite as: Montenegrin municipal finance and debt. CLSTR, https://clstr.news/situations/montenegrin-municipal-finance-and-debt