Ulaanbaatar/MONTSAME/ According to the report of General Authority for Health Insurance and General Authority for Social Insurance, social insurance fund revenue at the end of 2018 reached MNT 2.4 trillion, increased by MNT 284.1 billion (13.4 percent) compared to the previous year. The fund expenditure was MNT 2.1 trillion, increased by MNT 255.6 billion (13.5 percent) compared to the previous year.

The MNT 284.1 billion increase in the social insurance fund revenue was mainly affected by increases in pension insurance fund revenue by MNT 256.0 billion (17.7 percent) and industrial accident and occupational disease insurance fund revenue by MNT 65.0 billion (44.1 percent) from the previous year, although, health insurance fund revenue decreased by MNT 57.7 billion (15.6 percent) and unemployment insurance fund revenue decreased by MNT 204.7 million (0.5 percent) from the previous year.

The MNT 255.6 billion increase in the social insurance fund expenditure was mainly affected by the increases in pension insurance fund expenditure by MNT 203.3 billion (14.4 percent) from the previous year, though, unemployment insurance fund expenditure was decreased by 214.8 billion (0.6 percent) from the previous year.

In December 2018, the social insurance fund revenue was MNT 290.2 billion, increased by MNT 93.5 billion (47.6 percent) from the previous month. The social insurance fund expenditure was MNT 220.9 billion, increased by MNT 38.8 billion (21.3 percent) from the previous month.

In 2018, the General Office of Labor and Welfare Service reported that MNT 137.8 billion were granted to 215.8 thousand people from the Social Welfare fund as pensions and allowances. The number of pension receivers decreased by 48.5 thousand (18.3 percent) and the dispersed amount of pensions and allowances decreased by MNT 15.9 billion (10.3 percent) compared to previous year.

In this period, MNT 88.8 billion were granted to 59.7 thousand people from social welfare pensions, which is decreased by 1.9 thousand people (3.2 percent), whereas total amount of pensions increased by MNT 3.7 billion (4.4 percent) from the previous year.

In 2018, 401.6 thousand persons have received social welfare services and mitigations, 68.6 percent of which were social welfare incentives and conditioned cash benefits, 26.0 percent was concession for the elders, 2.9 percent was concessions for disabled people, 1.3 percent was benefits for honored elders and 1.2 percent was social welfare services. In total, MNT 93.0 billion was disbursed as social welfare services and mitigation, decreased by MNT 4.0 billion (4.2 percent) compared to the previous year. In 2018, Children's cash allowances worth of MNT 209.0 billion were granted to 950.0 thousand children aged below 18.