Government budget and revenue in Herceg Novi, Montenegro: official figures
The Municipality of Herceg Novi spent €31.62 million in 2025, about €1,030 per resident (10th highest of 21 municipalities), and received €31.88 million including €608,771 carried over from 2024.
How much revenue does Herceg Novi raise?
Own-source current revenue of Herceg Novi reached €29.83 million in 2025, or €972 per resident, 6th highest of 21; Herceg Novi raised 7.2% of all municipal current revenue in Montenegro.
Source: Ministry of Finance of Montenegro · saved copyWhat taxes does Herceg Novi collect?
Taxes brought Herceg Novi €24.20 million in 2025: €5.88 million from its share of personal income tax, €12.82 million in property tax, €3.89 million in property transfer tax and €1.60 million from the local income-tax surcharge.
Source: Ministry of Finance of Montenegro · saved copyDoes Herceg Novi get money from the Equalisation Fund?
Herceg Novi received no Equalisation Fund money or state transfers in 2025; fees, chiefly €3.46 million for servicing building land, brought in €4.03 million.
Source: Ministry of Finance of Montenegro · saved copyHow much does Herceg Novi invest?
Capital investment by Herceg Novi came to €9.01 million in 2025, 28.5% of spending and €294 per resident (10th lowest of 21); staff pay and contributions cost €4.45 million.
Source: Ministry of Finance of Montenegro · saved copyHow much debt does Herceg Novi municipality have?
Herceg Novi repaid €2.08 million of debt principal and paid €6,197 in interest in 2025, and reported €10.87 million of unpaid obligations at 31 December 2025.
Source: Ministry of Finance of Montenegro · saved copyDoes Herceg Novi have a budget deficit?
Leaving aside money carried over and new borrowing, Herceg Novi ran a deficit of €918,173 in 2025.
Source: Ministry of Finance of Montenegro · saved copyHow Herceg Novi compares with other first-level divisions
Municipal current (own-source) revenue per resident, EUR (2025)
Herceg Novi ranks 6 of 21, highest first.
| Rank | Region | Municipal current (own-source) revenue per resident, EUR |
|---|---|---|
| 3 | Tivat | €1,432 |
| 4 | Kotor | €1,386 |
| 5 | Zabljak | €1,023 |
| 6 | Herceg Novi | €972 |
| 7 | Pljevlja | €745 |
| 8 | Bar | €732 |
| 9 | Podgorica | €669 |
Municipal capital spending per resident, EUR (2025)
Herceg Novi ranks 12 of 21, highest first.
| Rank | Region | Municipal capital spending per resident, EUR |
|---|---|---|
| 9 | Podgorica | €362 |
| 10 | Bar | €355 |
| 11 | Plav | €295 |
| 12 | Herceg Novi | €294 |
| 13 | Andrijevica | €178 |
| 14 | Mojkovac | €94 |
| 15 | Bijelo Polje | €91 |
Property tax collected per resident, EUR (2025)
Herceg Novi ranks 5 of 21, highest first.
| Rank | Region | Property tax collected per resident, EUR |
|---|---|---|
| 2 | Budva | €978 |
| 3 | Tivat | €566 |
| 4 | Kotor | €450 |
| 5 | Herceg Novi | €418 |
| 6 | Savnik | €325 |
| 7 | Zabljak | €223 |
| 8 | Bar | €221 |
Total municipal budget spending per resident, EUR (2025)
Herceg Novi ranks 10 of 21, highest first.
| Rank | Region | Total municipal budget spending per resident, EUR |
|---|---|---|
| 7 | Kolasin | €1,385 |
| 8 | Pljevlja | €1,157 |
| 9 | Andrijevica | €1,041 |
| 10 | Herceg Novi | €1,030 |
| 11 | Cetinje | €918 |
| 12 | Bar | €874 |
| 13 | Plav | €804 |
More on Herceg Novi: overview · economy and jobs · health · education and schools · poverty and living standards · government and politics · Montenegro
Sources
- Ministry of Finance of Montenegro: Revenues, expenditures and outstanding obligations of local self-government units at 31 December 2025, read 24 October 2026 · saved copy (SHA-256 814d60704f75…)
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