Ulaanbaatar
Tax revenue reaches MNT2.2 trillion
Economy
Ulaanbaatar/MONTSAME/ In the first 4 months of 2018, total equilibrated revenue and grants of the General Government Budget amounted to MNT 2.5 trillion and total expenditure and net lending amounted to MNT 2.4 trillion, representing a surplus of MNT 98.2 billion in the equilibrated balance.
An increase of MNT 204.0 billion in surplus of the equilibrated balance from the same period of the previous year was mainly affected by the revenue growth which is 10.2 points higher than expenditure.
Tax revenue reached MNT 2.2 trillion, increased by MNT 423.5 billion or 23.5 percent compared with the same period of the previous year. This growth was mainly affected by increase of MNT 53.8 billion (13.8 percent) in social security income, MNT 73.2 billion (53.4 percent) in excise taxes, MNT 85.8 billion (17.4 percent) in income tax, MNT 121.7 billion (28.9 percent) in value added tax, MNT 37.7 billion (19.5 percent) in other taxes and MNT 53.4 billion (43.2 percent) in revenue of foreign activities.
However, there were decreases in property tax decreased by MNT 1.6 billion (4.4 percent) and income of special purposes by MNT 0.3 billion (8.7 percent) compared with the same period of the previous year. General Government revenue accounted for 79.8 percent of tax revenue, 9.7 percent of non-tax revenue, 7.7 percent of the future heritage fund and 2.7 percent of stabilization fund.
In the first 4 months of 2018, total expenditure and net lending of the General Government Budget amounted to MNT 2.4 trillion, increased by MNT 194.2 billion (8.8 percent) compared with the same period of the previous year. This growth was mainly affected by increase of MNT 105.7 billion or 2.3 times in capital expenditure and MNT 94.2 billion (4.5 percent) in current expenditure. However, there was a decrease of MNT 5.7 billion ( 27.0 percent) in net lending. General Government expenditure and net lending accounted for 91.5 percent of current expenditure, 7.9 percent of capital expenditure and 0.6 percent of net lending.
An increase of MNT 204.0 billion in surplus of the equilibrated balance from the same period of the previous year was mainly affected by the revenue growth which is 10.2 points higher than expenditure.
Tax revenue reached MNT 2.2 trillion, increased by MNT 423.5 billion or 23.5 percent compared with the same period of the previous year. This growth was mainly affected by increase of MNT 53.8 billion (13.8 percent) in social security income, MNT 73.2 billion (53.4 percent) in excise taxes, MNT 85.8 billion (17.4 percent) in income tax, MNT 121.7 billion (28.9 percent) in value added tax, MNT 37.7 billion (19.5 percent) in other taxes and MNT 53.4 billion (43.2 percent) in revenue of foreign activities.
However, there were decreases in property tax decreased by MNT 1.6 billion (4.4 percent) and income of special purposes by MNT 0.3 billion (8.7 percent) compared with the same period of the previous year. General Government revenue accounted for 79.8 percent of tax revenue, 9.7 percent of non-tax revenue, 7.7 percent of the future heritage fund and 2.7 percent of stabilization fund.
In the first 4 months of 2018, total expenditure and net lending of the General Government Budget amounted to MNT 2.4 trillion, increased by MNT 194.2 billion (8.8 percent) compared with the same period of the previous year. This growth was mainly affected by increase of MNT 105.7 billion or 2.3 times in capital expenditure and MNT 94.2 billion (4.5 percent) in current expenditure. However, there was a decrease of MNT 5.7 billion ( 27.0 percent) in net lending. General Government expenditure and net lending accounted for 91.5 percent of current expenditure, 7.9 percent of capital expenditure and 0.6 percent of net lending.
Source: National Statistical Office
