ID :
181149
Tue, 05/10/2011 - 13:03
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Shortlink :
https://oananews.org//node/181149
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GENERAL GOVERNMENTAL BUDGET IN STATISTICS
Ulaanbaatar, Mongolia, /MONTSAME/ In the first four months of 2011, total revenue and grants of the General Government Budget (GGB) amounted to MNT 1219.5 billion and total expenditure and net lending amounted to MNT 1,149.5 billion, representing surplus of MNT 70.0 billion in the GGB overall balance.
Compared to the same period of previous year, the decrease of MNT 260.2 billion in budget deficit was mainly due to the 56.2 per cent increase in budget revenue, and 18.4 per cent increase in budget expenditure, that is the revenue growth pace exceeded the expenditure growth by 37.8 percentage points.
Current revenue of the GGB amounted to MNT 1,195.8 billion and current expenditure reached MNT 1,014.4 billion. Thus, the budget current balance was in surplus of MNT 181.4 billion. Against the previous year, tax revenue increased MNT 402.8 billion or 60.3 per cent due to the increases of MNT 16.8 billion or 6.5 per cent in income tax, MNT 31.8 billion or 35.5 per cent--in social security contribution, MNT 166.6 billion or 81.4 per cent--in taxes on goods and services, MNT 44.3 billion or 2.0 times--in taxes on foreign trade, MNT 141.9 billion or 3.1 times--in other taxes.
The non-tax revenue increased by MNT 39.3 billion or 45.7 per cent against the previous year due to the increases of MNT 19.8 billion or 27.0 times in revenues from dividends, MNT 2.4 billion or 27.1 per cent--in revenues from interest and fines, MNT 3.8 billion or 36.7 per cent in revenues from oil petroleum, MNT 1.4 billion or 13.3 per cent--in revenues from navigation fee, MNT 11.0 billion or 23.8 per cent--in revenues from budget entities, MNT 0.8 billion or 9.0 per cent--in other revenues.
In the first four months of 2011, total expenditure and net lending of the GGB increased by MNT 178.4 billion or 18.4 per cent to MNT 1,149.5 billion against the previous year due to increases of MNT 159.8 billion or 38.3 per cent in subsidies and transfers, MNT 86.6 billion or 25.9 per cent--in expenditure of goods and services, MNT 4.9 billion or 42.5 per cent--in interest payments, MNT 32.4 billion or 34.8 per cent--in capital expenditure, although there was MNT 105.4 billion or 91.7 per cent decrease in other lending minus repayments.
Spending of MNT 125.5 billion on capital expenditure in the first four months of 2011 was higher by MNT 32.4 billion or 34.8 per cent compared to the same period of the previous year. The increase in capital expenditure was due to the increases of MNT 1.8 billion or 2.4 times in foreign financed capital expenditure, and MNT 30.6 billion or 33.3 per cent--in capital expenditure of domestic sources.
B.Khuder
Compared to the same period of previous year, the decrease of MNT 260.2 billion in budget deficit was mainly due to the 56.2 per cent increase in budget revenue, and 18.4 per cent increase in budget expenditure, that is the revenue growth pace exceeded the expenditure growth by 37.8 percentage points.
Current revenue of the GGB amounted to MNT 1,195.8 billion and current expenditure reached MNT 1,014.4 billion. Thus, the budget current balance was in surplus of MNT 181.4 billion. Against the previous year, tax revenue increased MNT 402.8 billion or 60.3 per cent due to the increases of MNT 16.8 billion or 6.5 per cent in income tax, MNT 31.8 billion or 35.5 per cent--in social security contribution, MNT 166.6 billion or 81.4 per cent--in taxes on goods and services, MNT 44.3 billion or 2.0 times--in taxes on foreign trade, MNT 141.9 billion or 3.1 times--in other taxes.
The non-tax revenue increased by MNT 39.3 billion or 45.7 per cent against the previous year due to the increases of MNT 19.8 billion or 27.0 times in revenues from dividends, MNT 2.4 billion or 27.1 per cent--in revenues from interest and fines, MNT 3.8 billion or 36.7 per cent in revenues from oil petroleum, MNT 1.4 billion or 13.3 per cent--in revenues from navigation fee, MNT 11.0 billion or 23.8 per cent--in revenues from budget entities, MNT 0.8 billion or 9.0 per cent--in other revenues.
In the first four months of 2011, total expenditure and net lending of the GGB increased by MNT 178.4 billion or 18.4 per cent to MNT 1,149.5 billion against the previous year due to increases of MNT 159.8 billion or 38.3 per cent in subsidies and transfers, MNT 86.6 billion or 25.9 per cent--in expenditure of goods and services, MNT 4.9 billion or 42.5 per cent--in interest payments, MNT 32.4 billion or 34.8 per cent--in capital expenditure, although there was MNT 105.4 billion or 91.7 per cent decrease in other lending minus repayments.
Spending of MNT 125.5 billion on capital expenditure in the first four months of 2011 was higher by MNT 32.4 billion or 34.8 per cent compared to the same period of the previous year. The increase in capital expenditure was due to the increases of MNT 1.8 billion or 2.4 times in foreign financed capital expenditure, and MNT 30.6 billion or 33.3 per cent--in capital expenditure of domestic sources.
B.Khuder
