GENERAL GOV'T BUDGET IN FIRST QUARTER

Ulaanbaatar /MONTSAME/ In the first quarter of 2013, current revenue of the General Government Budget (GGB) amounted to 1,103.2 bln.tog, current expenditure reached 986.9 bln.tog. Thus, the budget equilibrated current balance was in surplus of 116.3 bln.tog. Taxes revenue expanded by 46.5 bln.tog or 5.0 percent due to the increases of 43.0 bln.tog or 32.3 percent in social security contribution, 42.6 bln.tog or 12.5 percent in taxes on goods & services, 33.4 bln.tog or 15.2 percent in income tax. There were decreases of 63.2 bln.tog or 37.8 percent in other taxes, and of 11.9 bln.tog or 16.6 percent in taxes on foreign trades. Non-tax revenue increased 11.3 bln.tog or 10.4 percent due to the increases of 20.3 bln.tog or 2.8 times in revenues from oil petroleum, 6.6 bln.tog or 63.6 percent in revenues from interest, 1.1 bln.tog or 10.4 percent in navigation fee, but there was declines of 6.5 bln.tog or 63.1 percent in revenues from dividends, 5.1 bln.tog or 9.6 percent in revenues from budget entities and of 5.0 bln.tog or 37.9 percent in revenues from others. Total expenditure and net lending of the GGB decreased 85.1 bln.tog or 7.7 percent to 1, 019.7 bln.tog compared to the same period of 2012 due to decreases of 180.6 bln.tog or 82.9 percent in capital expenditure, 28.9 bln.tog in lending minus repayments. Some increases were observed--of 104.2 bln.tog or 27.0 percent in goods and services and of 20.7 bln.tog or 4.5 percent in subsidies and transfers. D.Enkhbileg