GENERAL GOV'T BUDGET

Ulaanbaatar, Mongolia /MONTSAME/ In the first 10 months of 2012, total balanced revenue and grants of the General Government Budget (GGB) amounted to 3,942.5 billion togrog, total expenditure and net lending to 4,521.5 billion togrog, representing deficit of 579.0 billion togrog in this balance. Current revenue of the GGB amounted to 3,904.8 billion togrog, current expenditure reached 3,423.1 billion togrog, which means that the budget's equilibrated current balance was in surplus of 481.7 billion togrog. Compared to same period of 2011, tax revenue increased 466.9 billion togrog or 15.4 percent due to the increases of 166.5 billion togrog or 45.5 percent in social security contribution, 160.0 billion togrog or 13.7 percent in taxes on goods and services, 92.0 billion togrog or 17.1 percent in other taxes and 42.1 billion togrog or 6.3 percent in income tax. Non-tax revenue went up by 43.6 billion togrog or 12.0 percent due to the increases of 2.9 billion togrog or 7.1 percent in revenues from dividends, of 20.2 billion togrog or 41.9 percent in revenues from oil petroleum, 12.2 billion togrog or 34.2 percent in revenues from interest, 10.0 billion togrog or 26.9 percent in revenues from others, 2.1 billion togrog or 6.0 percent from navigation fee, and 1.2 billion togrog or 0.7 percent in revenues from budgetary entities. In the first 10 months of 2012, total expenditure and net lending of the GGB increased by 1,236.9 billion togrog or 37.7 percent to 4,521.5 billion togrog against the same period of the previus year. This was mainly due to increases of 505.2 billion togrog or 91.5 percent in capital expenditure, 475.4 billion togrog or 43.0 percent in expenditure of goods and services, 398.9 billion togrog or 29.6 percent in subsidies and transfers, 64.0 billion togrog or 3.0 times in interest payments, although there were decreases of 206.5 billion togrog or 83.4 percent in lending minus repayments. Spending of 1,057.4 billion togrog on capital expenditure increased by 505.2 billion togrog or 91.5 percent compared to same period of the previous year. This was mainly due to increases of 490.1 billion togrog or 96.2 percent in capital expenditure of domestic sources and 15.0 billion togrog or 35.4 percent in capital expenditure of foreign financed compared to same period of the previous year. Ch.Enkhtuya