Ulaanbaatar
BUDGET 2023: Government will finance MNT 6,317.8 billion in expenditures
Economy
Ulaanbaatar /MONTSAME/. In the 2023 State Budget
year, the Government will finance MNT 6,317.8 billion in spending through distinctive
funds.
92.2 percent, or MNT 5,826.2 billion, is
related to the expenditure of Social Insurance, Social Welfare, and Health
Insurance Funds, and 7.8 percent, or MNT 491.6 billion, is associated with the
expense of other special funds.
For example, next year, MNT 93 billion has
been budgeted for the Education Loan Fund, which will be increased by MNT 14.7
billion compared to the previous year. Also, the expenditure of the Welfare
Fund is MNT 596.8 billion, or an increase of MNT 113.9 billion from the prior
year. In contrast, the total budget expenditure of the Support Fund for
Vocational Education is estimated to be 85 billion MNT.
