Social Insurance Fund revenue increases by quarter

Ulaanbaatar /MONTSAME/ The General Authority for Health and Social Insurance of Mongolia reported that й total revenue of Social Insurance Fund reached MNT 1620.9 billion within the first 11 months of this year. It is MNT 314.7 billion (24.1%) higher than that of the same period of last year. Total expenditure of Social Insurance Fund was MNT 1622.1 billion, an increase of MNT 204.9 billion (14.5%) compared to the same period of the previous year. The General Office of Labour and Welfare Service reported that in the first 11 months of 2016, total of MNT 128.6 billion was allocated from the Social Welfare Fund to 263.3 thousand people for pensions and welfare benefits. The number of pensioners and welfare receivers increased by 70.6 thousand (36.7%), while the amount of pensions and allowances decreased by MNT 7.0 billion (5.1%) compared to the same period of 2015. In November 2016, MNT 13.2 billion were granted from the Human Development Fund to 614.3 thousand children aged 18 and below in cash within the scope of the children program.