This analysis addresses a key question for Montenegro: Should the country maintain its integrated model of parliamentary budgetary oversight, where the Committee for Economy, Finance, and Budget (CEFB) oversees both ex-ante and ex-post functions, or adopt a standalone ex-post oversight committee model like those in the UK and Slovenia?

By comparing Montenegro’s system with the experiences of Croatia and Georgia, which have a single committee performing the ex-ante and ex-post oversight (referred to here as an integrated approach), and Slovenia and the UK, which have standalone ex-post oversight committees, this paper aims to identify the most effective approach for strengthening parliamentary oversight in Montenegro. 

The goal is to ensure that the model chosen optimizes resources, enhances accountability, and improves public financial management through robust scrutiny of budgetary processes and audit findings.

This analysis ultimately recommends that Montenegro retain its integrated model while implementing key enhancements.