The competencies of the Parliment shall be established by the Constitution of the Republic and by certain legislation. In accordance with those competencies, the Parliament:

1) adopts: the Constitution and the amendments to the Constitution; laws, other regulations and general acts (declarations, resolutions, decisions, recommendations and conclusions); the budget and the annual financial statement for every year; Spatial plan of the Republic and other spacial plans for the areas of special purpose of interest to the Republic;

2) decides: on starting the procedure for determining whether the President of the Republic violated the Constitution; on the dismissal of the President of the Republic, if the Constitutional Court determines that he violated the Constitution; on the confidence to the Government; on the debits of the Republic and lending; on the calling for a republic referendum;

3) gives: authentic interpretation of laws it adopts; amnesty to persons convicted of crimes;

4) ratifies: international treaties; appointment of members of the Council of Radio and Television of Montenegro and the Council of the Agency for Broadcasting;

5) elects, appoints and dismisses from duty: the Prime Minister and the members of the Government; the President and the judges of the Constitutional Court; the President and the judges of the courts in the Republic; the State Prosecutor and its deputies; the Protector of Human Rights and Liberties (Ombudsman) and its deputies; the members of the Judicial and Prosecutorial Council; the president and members of the Council of the Central Bank of Montenegro; the president and members of the Senate of the State Audit Institution; the president and members of the Commission for Securities; the president and members of the Comission for Establishing Conflict of Interests; members of the Regulatory Agency for Energy Committee; the president and members of the Republic Electoral Commission; the president and members of the jury for the state awards, etc.;

6) examines the work reports and other reports of: the Central Bank of Montenegro; the State Prosecutor; the Protector of Human Rights and Liberties (Ombudsman); the Commission for Securities; the Comission for Establishing Conflict of Interests; the Regulatory Agency for Energy, etc.