General gov’t budget in statistics

Politics
en_khuder@montsame.mn
2015-09-18 17:45:14

Ulaanbaatar /MONTSAME/ In the first eight months of this year, total balanced revenue and grants of the General Government Budget (GGB) amounted to MNT 3576.8 billion, while total expenditure and net lending amounted to MNT 4345.9 billion, showing a deficit of MNT 769.2 billion in the balance.

In August 2015, total balanced revenue and grants of the GGB amounted to MNT 433.9 billion, showing a decrease of MNT 68.9 billion or 13.7% against the previous month, and total lending and net lending amounted to MNT 565.2 billion, decreasing MNT 40.5 billion or 6.7% against the previous month. But GGB’s balance amounted to MNT 131.3 billion, decreasing MNT 28.4 billion or 27.6% against the previous month.

Tax revenue decreased by MNT 165.2 billion or 5.1% compared to same period of the previous year. This decrease was mainly due to decreases of MNT 216.1 billion or 24.5% in VATs and MNT 30.2 billion or 12.4% in taxes on international trade and transactions, MNT 65.0 billion or 12.7% in other taxes, whereas tax revenue from social contribution increased by MNT 70.3 billion or 11.7% and excise taxes--by MNT 63.8 billion or 21.3%.

In the first eight months of this year, GGB’s total expenditure and net lending reached MNT 4,345.9 billion, increasing by MNT 394.9 billion or 10.0% against the previous year. This increase was mainly due to increases of MNT 145.1 billion or 9.1% in expenditure on goods and services, MNT 128.3 billion or 52.4% in interest payments and MNT 116.5 billion or 9.0% in current transfers against the previous year.

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