ABOUT GENERAL GOV'T BUDGET

Ulaanbaatar, Mongolia, /MONTSAME/ According to the latest official statistics, total balanced revenue and grants of the General Government Budget amounted to 2,355.3 bln.tog, and total expenditure and net lending to 2, 930.1 bln.tog in the first half of 2012. It represents a deficit of 574.8 bln.tog in this balance. Current revenue of this Budget amounted to 2,347.6 bln. tog, a current expenditure reached 2,282.5 bln.tog, making the budget's surplus of 65.2 bln.tog. Compared to the same period of 2011, tax revenue increased by 414.6 bln.tog or 24.5 percent due to increases of 148.1 bln.tog or 44.1 percent in other taxes, 118.4 bln.tog or 19.1 percent in taxes on goods and services, 104.4 bln.tog or 49.8 percent in social security contribution, 29.7 bln.tog or 8.0 percent in income tax, and 11.8 bln.tog or 7.9 percent in taxes on foreign trade. Against the same period of 2011, non-tax revenue went up 15.0 bln.tog or 6.6 percent due to increases of 9.1 bln.tog or 42.4 percent in revenues from oil petroleum, 6.5 bln.tog or 25.6 percent in revenues from others, 5.1 bln.tog or 20.5 percent in revenues from interest, and 4.4 bln.tog or 4.4 percent in revenues from budget entities, but there were decreases of 8.8 bln.tog or 26.5 percent in revenues from dividends and of 1.7 bln.tog or 8.3 percent in navigation fee. During this time, total expenditure and net lending of the General Government Budget increased 1,061.8 bln.tog or 56.8 percent to 2,930.1 bln.tog against the same period of 2011 due to increases of 468.6 bln.tog or 57.0 percent in subsidies and transfers, 325.5 bln. tog or 2.2 times in capital expenditure, 256.2 bln.tog or 37.7 percent in expenditure of goods and services, 34.6 bln.tog or 2.7 times in interest payments, but there were decreases of 23.0 bln.tog or 35.9 percent in lending minus repayments. Apart of this, spending of 606.5 bln.tog on capital expenditure increased 325.5 bln.tog or 2.2 times against the same period of 2011 due to increases of 314.4 bln.tog or 2.1 times in capital expenditure of domestic sources against the same period of the previous year. D.Enkhbileg