GEN'L GOV'T BUDGET IN STATISTICAL MIRROR

Ulaanbaatar, Mongolia /MONTSAME/ In the first 11 months of 2011, total revenue and grants of the General Government Budget (GGB) amounted to MNT 3860.2 billion and total expenditure and net lending amounted to MNT 3813.3 billion, representing surplus of MNT 46.9 billion in the GGB overall balance. The overall balance surplus decreased by MNT 142.8 billion or 75.3 per cent against the first 10 months of 2011. Compared to the same period of the previous year, the GGB overall balance decreased by MNT 24.1 billion. The decrease was mainly due to the revenue growth pace exceeded the expenditure growth by 2.3 percentage points. The GGB's current revenue amounted of MNT 3705.2 billion and current expenditure reached MNT 2776.6 billion. Thus, the budget current balance was in surplus of MNT 928.6 billion. Against the previous year, tax revenue increased by MNT 978.4 billion or 42.2 per cent. The increase was mainly due to the increases of MNT 521.1 billion or 68.8 per cent in taxes on goods and services, MNT 309.7 billion or 2.2 times in other taxes, MNT 151.8 billion or 44.8 per cent in corporate income tax, MNT 130.7 billion or 77.4 per cent in taxes on foreign trade, MNT 116.6 billion or 42.4 per cent in social security contribution, although there was decreases of MNT 318.3 billion or 85.1 per cent in price increase tax of some products. Compared to the same period of the previous year, non-tax revenue increased by MNT 124.0 billion or 43.9 per cent. The increase was mainly due to the increases of MNT 57.2 billion or 46.5 per cent in revenues from budget entities, MNT 26.9 billion or 2.9 times in revenues from dividends, MNT 17.5 billion or 39.8 per cent in revenues from oil petroleum, MNT 17.3 billion or 76.2 per cent in revenues from interest and fines, MNT 2.5 billion or 7.0 per cent in revenues from navigation fee and MNT 2.3 billion or 5.7 per cent in revenues from others. Total expenditure and net lending of the GGB increased by MNT 1241.1 billion or 48.3 per cent to MNT 3813.3 billion against the previous year. This was mainly due to increases of MNT 577.1 billion or 63.7 per cent in subsidies and transfers, MNT 334.4 billion or 80.7 per cent in capital expenditure, MNT 271.2 billion or 27.5 per cent in expenditure of goods and services, MNT 63.9 billion or 28.6 per cent in lending minus repayments, although there was decreases of MNT 6.0 billion or 14.9 per cent in interest payment. Spending of MNT 749.0 billion on capital expenditure in the first 11 months of 2011, was higher by MNT 334.4 billion or 80.7 per cent against of the previous year. The increase in capital expenditure was due to the increases of MNT 300.0 billion or 74.5 per cent in capital expenditure of domestic sources and MNT 34.4 billion or 3.9 times in foreign financed capital expenditure against the previous year. B.Khuder