Tax revenue of master budget increases

Economy
en_amarsaikhan@montsame.mn
2016-09-15 17:22:47

Ulaanbaatar /MONTSAME/ In the first eight months of 2016, total equilibrated revenue and grants of the General Government Budget amounted to MNT 3562.4 billion and total expenditure and net lending amounted to MNT 5371.1 billion, representing a deficit of MNT 1808.7 billion in the balance.

In the first eight months of 2016, total expenditure and net lending of the master budget reached MNT 5371.1 billion, which indicates increase of MNT 1025.6 billion or by 23.6 percent compared with the same period of the previous year.

Tax revenue reached MNT 3119.4 billion, which increased by MNT 51.0 billion (1.7 %) compared with the same period of last year. This growth was mainly due to increases in social insurance revenue by MNT 91.3 billion (13.6 %) and in excise tax MNT 63.2 billion (17.4 %). However, other tax and payment revenue decreased by MNT 126.6 billion (28.2 %) compared with the same period of 2015.