Улаанбаатар
Tax revenue increased by 66.2 percent compared to the same period of previous year
Economy
Ulaanbaatar/MONTSAME/. According to the National Statistics
Office of Mongolia, in the first 2 months of 2022, the total revenue of the
general government budget was MNT 2.6 trillion, increased by MNT 860.0 billion
(50.0 percent) compared to the same period of previous year. The equilibrated revenue of the general
government budget was MNT 2.5 trillion, increased by MNT 840.7 (51.7 percent)
billion compared to the same period of previous year.
In February 2022, the total equilibrated revenue and grants
of general government budget was MNT 1.5 trillion, increased by MNT 575.4
billion (60.8 percent) compared to the previous month. The total expenditure
and net lending were MNT 1.1 trillion, decreased by MNT 173.2 billion (13.3
percent) compared to the previous month.
The equilibrated balance of the general government budget
was in deficit of MNT 1.0 trillion in December 2021 and deficit of MNT 358.3
billion in January 2022 while surplus of MNT 390.4 billion in February.
In the first 2 months of 2022, tax revenue increased by 5.2
percentage points and stabilization fund revenue increased by 1.4 percentage
points while non-tax revenue decreased by 4.2 percentage points and the future
heritage fund revenue decreased by 2.5 percentage points compared to the same
period of previous year.
In February 2022, tax revenue reached MNT 1.4 trillion,
increased by MNT 577.3 billion (66.2 percent) compared to the same period of
previous year. This increase was mainly due to MNT 282.4 billion (79.1 percent)
increase in income taxes revenue, MNT 98.6 billion (48.1 percent) increase in
value added tax revenue.
