GENERAL GOV'T BUDGET HAS SURPLUS
Ulaanbaatar, Mongolia /MONTSAME/ By first one month of this year, total revenue and grants of the General Government Budget (GGB) amounted to MNT 325.8 billion and total expenditure and net lending amounted to MNT 260.0 billion. They have represented surplus of MNT 65.8 billion in the equilibrated balance of GGB.
The GGB's current revenue amounted to MNT 324.3 billion and current expenditure reached MNT 257.2 billion. Thus, the budget equilibrated current balance was in surplus of MNT 67.2 billion.
Compared to same period of the previous year, tax revenue increased by MNT 93.2 billion or 46.3 per cent due to the increases of MNT 51.8 billion or 3.8 times in taxes on foreign trade, MNT 45.1 billion or 3.2 times in other taxes, MNT 17.1 billion or 72.8 per cent in social security contribution, MNT 6.5 billion or 50.5 per cent in personal income tax, MNT 3.9 billion or 17.5 per cent in corporate income tax, although there was a decrease of MNT 18.7 billion or 20.7 per cent in taxes on goods and services.
Non-tax revenue increased by MNT 15.3 billion or 2.0 times due to the increases of MNT 8.5 billion or 2.1 times in revenues from budget entities, MNT 6.2 billion or 5.4 times in revenues from others, MNT 3.2 billion or 3.0 times in revenues from interest and fines and MNT 0.2 billion or 606.5 times in revenues from dividends. There were decreases of MNT 2.2 billion in revenues from navigation fee and MNT 0.6 billion or 43.1 per cent in revenues from oil petroleum.
Total expenditure and net lending of the GGB increased MNT 13.5 billion or 5.5 per cent to MNT 260.0 billion against the previous year due to increases of MNT 19.3 billion or 15.5 per cent in subsidies and transfers, MNT 8.3 billion or 8.8 per cent in expenditure of goods and services and MNT 1.5 billion or 15.3 per cent in interest payment, and there were decreases of MNT 9.5 billion in lending minus repayments and MNT 6.1 billion or 45.8 per cent in capital expenditure.
Spending of MNT 7.3 billion on capital expenditure decreased by MNT 6.1 billion or 45.8 per cent against the previous year, of which MNT 5.0 billion was foreign financed capital expenditure and MNT 2.3 billion was capital expenditure of domestic sources.
B.Khuder
The GGB's current revenue amounted to MNT 324.3 billion and current expenditure reached MNT 257.2 billion. Thus, the budget equilibrated current balance was in surplus of MNT 67.2 billion.
Compared to same period of the previous year, tax revenue increased by MNT 93.2 billion or 46.3 per cent due to the increases of MNT 51.8 billion or 3.8 times in taxes on foreign trade, MNT 45.1 billion or 3.2 times in other taxes, MNT 17.1 billion or 72.8 per cent in social security contribution, MNT 6.5 billion or 50.5 per cent in personal income tax, MNT 3.9 billion or 17.5 per cent in corporate income tax, although there was a decrease of MNT 18.7 billion or 20.7 per cent in taxes on goods and services.
Non-tax revenue increased by MNT 15.3 billion or 2.0 times due to the increases of MNT 8.5 billion or 2.1 times in revenues from budget entities, MNT 6.2 billion or 5.4 times in revenues from others, MNT 3.2 billion or 3.0 times in revenues from interest and fines and MNT 0.2 billion or 606.5 times in revenues from dividends. There were decreases of MNT 2.2 billion in revenues from navigation fee and MNT 0.6 billion or 43.1 per cent in revenues from oil petroleum.
Total expenditure and net lending of the GGB increased MNT 13.5 billion or 5.5 per cent to MNT 260.0 billion against the previous year due to increases of MNT 19.3 billion or 15.5 per cent in subsidies and transfers, MNT 8.3 billion or 8.8 per cent in expenditure of goods and services and MNT 1.5 billion or 15.3 per cent in interest payment, and there were decreases of MNT 9.5 billion in lending minus repayments and MNT 6.1 billion or 45.8 per cent in capital expenditure.
Spending of MNT 7.3 billion on capital expenditure decreased by MNT 6.1 billion or 45.8 per cent against the previous year, of which MNT 5.0 billion was foreign financed capital expenditure and MNT 2.3 billion was capital expenditure of domestic sources.
B.Khuder
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