ID :
127835
Mon, 06/14/2010 - 16:56
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https://oananews.org//node/127835
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GENERAL GOVERNMENT BUDGET
Ulaanbaatar, Mongolia, /MONTSAME/ In the first five months of 2010, total revenue and grants of General Government budget (GGB) amounted to MNT 1,002.1 billion and total expenditure and net lending amounted to MNT 1,171.9 billion, representing a deficit of MNT 169.8 billion in the GGB overall balance, which is down by MNT 22.0 billion against the previous year.
Current revenue of GGB amounted to MNT 968.7 billion and current expenditure reached MNT 912.9 billion. Thus, the budget current balance was in profit of MNT 55.9 billion. Compared to the same period of the previous year, tax revenue increased MNT 355.6 billion or 71.0 per cent due to increase of MNT 90.2 billion or 5.8 times in price increase tax of some products, and of MNT 74.8 billion or 2.1 per cent in corporate income tax; of MNT 76.3 billion or 67.7 per cent in value added tax, although the income of special purposes decreased by MNT 0.4 billion or 3.6 per cent.
Compared to the same period of the previous year, non-tax revenue decreased by MNT 19.1 billion or 14.5 per cent, out of which revenues from budget entities went up by MNT 23.5 billion or 65.0 per cent; revenues from oil petroleum up by MNT 13.6 billion; and other revenues up by MNT 6.5 billion or 2.0 times, respectively, although the revenues from dividends decreased by MNT 63.3 billion or 98.7 per cent; revenues from interest and fines decreased by MNT 0.5 billion or 4.2 per cent.
Total expenditure and net lending of the GGB increased MNT 347.0 billion or 42.1 per cent to MNT 1,171.9 billion, in the first five months of 2010 against the previous year. This was mainly due to increase of MNT 165.1 billion or 52.6 per cent in subsidies and transfers; and MNT 30.7 billion or 21.0 per cent in purchase of other goods and services.
Spending of MNT 133.0 billion on capital expenditure in the first five month of 2010 was higher by MNT 55.8 billion or 72.2 per cent over the same period of the previous year. Increase in capital expenditure was due to an increase of MNT 64.5 billion or 95.9 per cent in capital expenditure of domestic sources, although the foreign financed capital expenditure decreased by MNT 8.7 billion or 87.4 per cent.
B.Khuder
Current revenue of GGB amounted to MNT 968.7 billion and current expenditure reached MNT 912.9 billion. Thus, the budget current balance was in profit of MNT 55.9 billion. Compared to the same period of the previous year, tax revenue increased MNT 355.6 billion or 71.0 per cent due to increase of MNT 90.2 billion or 5.8 times in price increase tax of some products, and of MNT 74.8 billion or 2.1 per cent in corporate income tax; of MNT 76.3 billion or 67.7 per cent in value added tax, although the income of special purposes decreased by MNT 0.4 billion or 3.6 per cent.
Compared to the same period of the previous year, non-tax revenue decreased by MNT 19.1 billion or 14.5 per cent, out of which revenues from budget entities went up by MNT 23.5 billion or 65.0 per cent; revenues from oil petroleum up by MNT 13.6 billion; and other revenues up by MNT 6.5 billion or 2.0 times, respectively, although the revenues from dividends decreased by MNT 63.3 billion or 98.7 per cent; revenues from interest and fines decreased by MNT 0.5 billion or 4.2 per cent.
Total expenditure and net lending of the GGB increased MNT 347.0 billion or 42.1 per cent to MNT 1,171.9 billion, in the first five months of 2010 against the previous year. This was mainly due to increase of MNT 165.1 billion or 52.6 per cent in subsidies and transfers; and MNT 30.7 billion or 21.0 per cent in purchase of other goods and services.
Spending of MNT 133.0 billion on capital expenditure in the first five month of 2010 was higher by MNT 55.8 billion or 72.2 per cent over the same period of the previous year. Increase in capital expenditure was due to an increase of MNT 64.5 billion or 95.9 per cent in capital expenditure of domestic sources, although the foreign financed capital expenditure decreased by MNT 8.7 billion or 87.4 per cent.
B.Khuder
