In the first two months of 2010, total revenue and grants of the General Government budget amounted to MNT 326.7 billion while total expenditure and net lending amounted to MNT 378.1 billion, representing a deficit of MNT 51.4 billion in the General Government budget overall balance. The same period of last year saw a deficit lower by MNT 60.8 billion due to an increase of total revenue which was 53.8 point higher than the increase of total expenditure. The current revenue of the General Government budget amounts to MNT311.8 billion and the current expenditure reaches MNT 348.4 billion. Thus, the budget current balance is in deficit of MNT36.6 billion.

Compared to the previous year, tax revenue have increased by MNT 119.9 billion (74.8%), this is mainly due to increases of MNT37.0 billion in windfall tax revenue, of MNT 33.5 billion in corporate income tax revenue, and of MNT14.4 billion (34.6%) in value added tax revenue. Non-tax revenue increased by MNT 15.0 billion (91.3%) compared to last year, mainly due to increase of MNT5.3 billion in navigation revenue and MNT8.6 billion in revenues from budget entities.

Meanwhile, total expenditure and the net lending of the General Government budget reached MNT 378.1 billion which is reflecting an increase of MNT88.7 billion (30.7%) against the previous year. This was mainly due to increase of MNT 74.6 billion in subsidies and transfers in the first two months of 2010.

In the first two months of 2010, capital expenditure reached MNT 23.6 billion or an increase of MNT 6.2 billion (35.8%) against the same period last year. Increase in capital expenditure was due to the increase of MNT 7.7 billion (49.9%) in domestic sources of the capital expenditure.

In the fourth quarter of 2009, the current account deficit of the Balance of Payments equalled to USUSD137.2 million, a decrease of USUSD156.4 million (53.3%) against the previous year. The deficit of the Goods balance reached USUSD15.6 million, also decreasing by USUSD207.6 million (93.0%) against the same period of the previous year.

Meanwhile, in the fourth quarter of 2009, the capital and financial account surplus equalled to USUSD363.3 million and increased by USUSD55.0 million (17.8%) compared to the same period of the previous year.

Эх сурвалж Өдрийн шуудан сонин

Statistics show healthier government finances

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