ID :
153449
Tue, 12/14/2010 - 18:33
Auther :
Shortlink :
https://www.oananews.org//node/153449
The shortlink copeid
GENERAL GOVERNMENT BUDGET
Ulaanbaatar, Mongolia, /MONTSAME/ In the first 11 months of 2010, total revenue and grants of the General Government Budget amounted to MNT 2,643.2 billion, and total expenditure and net lending to MNT 2,572.2 billion, representing a profit of MNT 71.0 billion in the General Government Budget overall balance.
Current revenue of the General Government amounted to MNT 2,602.8 billion and current expenditure reached MNT 1,933.8 billion in the first 11 months of 2010. Thus, the budget current balance was in profit of MNT 669.0 billion.
Compared to the same period of 2009, tax revenue increased MNT 916.7 billion or 65.3 per cent mainly due to increase of MNT 221.5 billion or 2.5 times in windfall tax on some products, and of MNT 155.6 billion or 84.9 per cent in corporate income tax and of MNT 209.8 billion or 72.8 per cent in value added tax, and MNT 97.9 billion or 67.5 per cent in excise tax.
Compared to the same period of the previous year, non-tax revenue increased by MNT 6.3 billion or 2.3 per cent, out of which revenues from oil petroleum went up by MNT 30.1 billion or 3.1 times and other revenues--by MNT 27.6 billion or 3.1 times, although the revenues from dividends decreased MNT 79.3 billion or 85.2 per cent.
Total expenditure and net lending of the General Government Budget increased by MNT 508.9 billion or 24.7 percent to MNT 2,572.2 billion in the first 11 months of 2010, against the previous year. This was mainly due to increase of MNT 203.6 billion or 28.9 per cent in subsidies and transfers, and of MNT 95.1 billion or 29.5 per cent in purchase of other goods and services.
Spending of MNT 414.6 billion on capital expenditure in the first 11 months of 2010 was higher by MNT 68.6 billion or 19.8 per cent over the same period of the previous year. The increase in capital expenditure was due to an increase of MNT 75.2 billion or 23.0 per cent in capital expenditure of domestic sources, although the foreign financed capital expenditure decreased by MNT 6.6 billion or 35.9 per cent.
B.Khuder
Current revenue of the General Government amounted to MNT 2,602.8 billion and current expenditure reached MNT 1,933.8 billion in the first 11 months of 2010. Thus, the budget current balance was in profit of MNT 669.0 billion.
Compared to the same period of 2009, tax revenue increased MNT 916.7 billion or 65.3 per cent mainly due to increase of MNT 221.5 billion or 2.5 times in windfall tax on some products, and of MNT 155.6 billion or 84.9 per cent in corporate income tax and of MNT 209.8 billion or 72.8 per cent in value added tax, and MNT 97.9 billion or 67.5 per cent in excise tax.
Compared to the same period of the previous year, non-tax revenue increased by MNT 6.3 billion or 2.3 per cent, out of which revenues from oil petroleum went up by MNT 30.1 billion or 3.1 times and other revenues--by MNT 27.6 billion or 3.1 times, although the revenues from dividends decreased MNT 79.3 billion or 85.2 per cent.
Total expenditure and net lending of the General Government Budget increased by MNT 508.9 billion or 24.7 percent to MNT 2,572.2 billion in the first 11 months of 2010, against the previous year. This was mainly due to increase of MNT 203.6 billion or 28.9 per cent in subsidies and transfers, and of MNT 95.1 billion or 29.5 per cent in purchase of other goods and services.
Spending of MNT 414.6 billion on capital expenditure in the first 11 months of 2010 was higher by MNT 68.6 billion or 19.8 per cent over the same period of the previous year. The increase in capital expenditure was due to an increase of MNT 75.2 billion or 23.0 per cent in capital expenditure of domestic sources, although the foreign financed capital expenditure decreased by MNT 6.6 billion or 35.9 per cent.
B.Khuder
