Tax-Benefit-Microsimulation Model “MONTAT” PresentedEconomy
Ulaanbaatar, December 6, 2023 /MONTSAME/. In 2022, the Government of Mongolia established a working group to develop a methodology for calculating the implementation of the tax reform policy and its effectiveness.
The working group included researchers, such as Associate Professor of the Department of Economics at the National University of Mongolia (NUM) N. Uuganbaatar, Professor of the Department of Mathematics at NUM Ts. Selenge, Senior Lecturer S. Tsogzolmaa, Senior Researcher Z. Manlaibaatar of the Economic Research Institute, and Data Analyst E. Orgil-Erdene of "And Systems" LLC. Researchers have created a tax-benefit-microsimulation model “MONTAT” and presented it to Chairman of the State Great Khural of Mongolia Zandanshatar Gombojav, and other members of the working group on December 5, 2023.
Deputy Prime Minister of Mongolia S. Amarsaikhan, Chief Cabinet Secretary D. Amarbayasgalan, Chair of the Standing Committee on State Budget G. Temuulen, Chair of the Standing Committee on Economics Ts. Tserenpuntsag, and Chair of the Standing Committee on Environment, Food and Agriculture J. Batjargal, as well as representatives from the Ministry of Economy and Development of Mongolia, Mongolian Tax Administration, National Statistics Office of Mongolia, the Bank of Mongolia, and Mongolian National Chamber of Commerce and Industry, were present.
Researchers developed the "MONTAT" model based on the social and economic survey of households conducted by the National Statistics Office of Mongolia and other micro-level open data and calculated taxes and their burden on households and enterprises in detail.
At the Meeting, information was provided on the main topics of "Tax-Benefit Microsimulation," "Fair Tax," "Mongolian Data Analysis," and "Hidden Economy and Tax Payment Approach."
Chairman of the State Great Khural Zandanshatar commended the working group for completing the task of processing big data within one year, underscoring the significance of state policies and decisions being based on scientific research and evidence.
The Chairman remarked that the research conducted by the working group is crucial for the long-term sustainable growth of the economy and the establishment of social justice. Moving forward, Mr. Zandanshatar emphasized the need for relevant organizations to consolidate their qualitative and quantitative data and further refine the model. Additionally, the Chairman instructed the Ministry of Finance, the Mongolian Tax Administration, the National Statistics Office of Mongolia, the Bank of Mongolia, and the Mongolian National Chamber of Commerce and Industry to collaborate effectively.