Ulaanbaatar
Total expenditure increased by 26.7 percent compared to previous month
Economy
Ulaanbaatar/MONTSAME/. According to the preliminary results
in the first ten months of 2020, the total revenue of the general government
budget was MNT 8.3 trillion. The equilibrated revenue of the general government
budget was MNT 7.6 trillion and 91.5% of the total revenue of the general
government budget. On the other hand, the total expenditure and net lending was
MNT 10.8 trillion in the first ten months of 2020, resulting in a deficit of MNT
3.3 trillion in the equilibrated balance.
In October 2020, the total equilibrated revenue and grants
of the general government budget was MNT 0.9 trillion, decreased by MNT 147.1
billion or 14.7%, the total expenditure and net lending was MNT 1.4 trillion,
increased by MNT 289.8 billion or 26.7% compared to the previous month.
In October 2020, the equilibrated balance of the general
government budget was in deficit of 519.7 billion, increased by MNT 437.0
billion, or 6.3 times compared to the previous month.
The General government budget revenue was comprised of 83.1%
of tax revenue, 8.4% of non-tax revenue, 8.0% of the future heritage fund, and
0.5% of the stabilization fund.
the first ten months of 2020, tax revenue reached MNT 6.9
trillion, decreased by MNT 1.1 trillion, or 14.3% compared to the same period
of the previous year. This decrease was mainly due to MNT 410.4 billion or
19.0% decrease in income tax revenue, MNT 318.4 billion or 20.2% decrease in social
security revenue, MNT 168.5 billion or 8.4% decrease in value-added tax
revenue, MNT 133.2 billion or 17.5% decrease in other taxes revenue, MNT 84.3
billion or 11.5% decrease in excise tax revenue and MNT 32.2 billion or 4.9%
decrease in foreign activity revenue.
In the first 10 months of 2020, general government budget
expenditure and net lending was MNT 10.8 trillion, increased by MNT 2.5 trillion
or 30.3% compared to the same period of the previous year. This increase was
primarily affected by MNT 2.1 trillion or 32.0% increase in current expenditure
and MNT 587.7 billion or 37.6% increase in capital expenditure, though net
lending decreased by MNT 166.3 billion or 84.8%, compared to the same period of
previous year.
In the current expenditure, 44.8% was current transfers, 42.4%
was expenditure on goods and services, 9.3% was interest payment and 3.5% was
subsidies.
Source: National Statistics Office
