ABOUT GENERAL GOV'T BUDGET

Ulaanbaatar, Mongolia /MONTSAME/ In the first nine months of 2012, total equilibrated revenue and grants of the General Government Budget (GGB) amounted to 3,485.8 billion MNT, total expenditure and net lending amounted to 4,043.7 billion MNT, representing a deficit of 557.9 billon MNT in the equilibrated balance of General Government Budget. In the first nine months of 2012, current revenue of the GGB amounted to 3,449.7 billon MNT, current expenditure reached 3,088.4 billion tog. Thus, the budget equilibrated current balance was in surplus of 361.3 billon MNT. Compared to same period of 2011, tax revenue increased 413.8 billion MNT or 15.5 percent due to the increases of 141.6 billion MNT or 43.1 percent in social security contribution, 140.5 billion MNT or 13.5 percent in taxes on goods and services, 90.5 billion MNT or 18.7 percent in other taxes, 35.2 billion MNT or 6.3 percent in income tax, 3.1 billion MNT or 1.2 percent in taxes on foreign trade and 2.9 billion MNT or 25.0 percent property taxes. Compared to same period of the previous year, non-tax revenue decreased by 51.3 billion.tog or 12.5 percent mainly due to the increases of 81.3 billion MNT or 35.7 percent in revenues from budget entities, 2.5 billion MNT or 6.4 percent in revenues from dividends although there was increases of 12.6 billion MNT or 39.0 percent in revenues from interest, 10.1 billion MNT or 30.4 percent in revenues from others, 7.3 billion MNT or 15.7 percent in revenues from oil petroleum and 1.6 billion MNT or 5.1 percent in navigation fee. In the first nine months of 2012, total expenditure and net lending of the GGB increased by 1,114.5 bln.tog or 38.0 percent to 4,043.7 bln.tog compared to same period of the previous year due to increases of 406.2 bln.tog or 80.6 percent in capital expenditure, 402.3 billion MNT or 40.9 percent in expenditure of goods and services, 396.7 billion MNT or 32.7 percent in subsidies and transfers, 62.6 billion MNT or 3.2 times in interest payments although there was decreases of 153.4 billion MNT or 77.3 percent in lending minus repayments. In the first nine months of 2012, spending of 910.3 billion MNT on capital expenditure increased by 406.2 billion MNT or 80.6 percent compared to same period of the previous year. This was mainly due to increases of 413.6 billion MNT or 89.4 percent in capital expenditure of domestic sources compared to same period of the previous year. Ch.Enkhtuya