2015 budget framework report submitted to parliament

Ulaanbaatar /MONTSAME/ The Minister of Finance Ch.Ulaan MP Thursday submitted to the Vice Speaker R.Gonchigdorj the 2015 budget framework report and the 2016-2017 budget assumption report. By the preliminary performance of 2013, the balanced revenue of Mongolia’s master budget reached MNT 5,880.6 billion, showing a decline of 503.7 billion or 92.1% against the predicted performance, but increased MNT 1,017.5 billion or 20.9% against 2012. The performance of tax revenue planning was 89.1%, declining MNT 621.2 billion, whereas the non-tax revenue went up MNT 118.6 billion, showing a performance of 116.9%. Excise tax income has been underperformed 194.5 billion togrog, the tax from domestic productions and services--337.2 billion, the revenue from external trade--135.2 billion togrog. All this affected the performance of the tax revenue. The performance of the state budget revenue showed 87.6%, of revenue from local budgets--100.4%, of the Human Development Fund revenue--98.8%, and of social insurance fund--102.5%. The Minister said the reports will be re-discussed and be considered together with a draft law on debt management.