Social funds' revenue and expenditure in the first half of 2016

2016-07-26 17:04:41

Ulaanbaatar /MONTSAME/ In the first half of 2016, the revenue of the Social Insurance Fund amounted to MNT 853.2 billion, reflecting increase of MNT 167.1 billion or 24.4 percent. Expenditure of the fund reached MNT 802.9 billion which increased by MNT 24.7 billion or 3.2 percent compared to the same period of last year.

In the first six months of this year, a total of MNT 73.7 billion was granted to 203.2 thousand people as pensions and welfare benefits from the Social Welfare Fund. The number of the beneficiaries increased by 11.0 thousand or 5.7 percent, and the amount of pensions and allowances decreased by MNT 174.1 million or 0.2 percent compared to the end of June of 2015.

MNT 122.5 billion was granted from the Human Development Fund to 1021.1 thousand children, aged below 18, as cash benefits.