GGB IN STATISTICAL MIRROR

Ulaanbaatar /MONTSAME/ In the first nine months of this year, total equilibrated revenue and grants of the General Government Budget (GGB) amounted MNT 4,311.7 billion, total expenditure and net lending of the budget reached MNT 4,504.2 billion, representing a deficit of 192.5 billion in the equilibrated balance of the GGB. Tax revenue increased by MNT 190.5 billion or 5.5 percent against the previous year due to increases of MNT 105.9 billion or 22.9% in other taxes, MNT 86.0 billion or 14.2% in social security contributions and MNT 19.1 billion or 1.4% in taxes on goods and services. The income taxes declined by MNT 30.0 billion or 4.1% in which of MNT 50.6 billion or 11.9% were in revenue from corporate income tax. Total expenditure and net lending of the GGB reached MNT 4,504.2 billion, increasing MNT 436.5 billion or 10.7% against the previous year due to increases of MNT 181.2 billion or 11.1% in expenditure on goods and service, of MNT 1,77.7 billion or 12.8% in subsidies and transfers expenditure, MNT 121.5 billion or 87.5% in interest payments, MNT 51.4 billion or 6.4% in capital expenditure, but there was a decrease of MNT 95.3 billion in net lending.