Ulaanbaatar
Total Revenue of General Government Budget Increased in 2022
Economy
Ulaanbaatar, February 6, 2023 /MONTSAME/. According to the
preliminary results by
the National Statistics Office of Mongolia in
2022, the total revenue of the general government budget
was MNT 18.6 trillion, which increased by MNT 4.3 (30.0%) trillion
compared to the previous year. The equilibrated revenue of the general
government budget
was MNT 17.2 trillion, which increased by MNT 4.5 (35.3%)
trillion compared to the previous year.
The total expenditure and net lending were MNT 18.2 trillion in 2022, resulting in a deficit of MNT 979.3 billion, and decreased by MNT 1.9 (66.5%) trillion compared to the previous year. In December 2022, the total equilibrated revenue and grants of the general government budget were MNT 2.8 trillion, and increased by MNT 1.3 (91.9%) trillion compared to the previous month. The total expenditure and net lending were MNT 2.6 trillion, which increased by MNT 1.0 (65.8%) trillion compared to the previous months.
In 2022, tax revenue
reached MNT 15.6 trillion, which increased by MNT 4.3 (37.8%) trillion compared to the previous year.
This increase was mainly due to MNT 1.1 (38.1%) trillion increase in value
added tax revenue, MNT 740.9
(32.4%) billion increase in social security contributions revenue, MNT 620.7 (18.7%) billion increase
in income taxes revenue and MNT 1.4 (2.6 times) trillion increase in other taxes revenue compared
to the previous year. In December 2022, tax revenue reached MNT 2.5 trillion, which increased
by MNT 1.4 (2.3 times) trillion compared to the previous month.
