1 MONGOLIA PM FACES LIKELY CONFIDENCE VOTE AMID CORRUPTION CLAIMS WWW.AFP.COM PUBLISHED:2025/06/02      2 RIO TINTO FINDS ITS MEGA-MINE STUCK BETWEEN TWO MONGOLIAN STRONGMEN WWW.AFR.COM PUBLISHED:2025/06/02      3 SECRETARY RUBIO’S CALL WITH MONGOLIAN FOREIGN MINISTER BATTSETSEG, MAY 30, 2025 WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/02      4 REGULAR TRAIN RIDES ON THE ULAANBAATAR-BEIJING RAILWAY ROUTE TO BE RESUMED WWW.MONTSAME.MN PUBLISHED:2025/06/02      5 MONGOLIAN DANCE TEAMS WIN THREE GOLD MEDALS AT THE WORLD CHAMPIONSHIP CHOREOGRAPHY LATIN 2025 WWW.MONTSAME.MN  PUBLISHED:2025/06/02      6 RUSSIA STARTS BUYING POTATOES FROM MONGOLIA WWW.CHARTER97.ORG PUBLISHED:2025/06/02      7 MONGOLIA BANS ONLINE GAMBLING, BETTING AND PAID LOTTERIES WWW.QAZINFORM.COM PUBLISHED:2025/06/02      8 HOW DISMANTLING THE US MILLENNIUM CHALLENGE CORPORATION WILL UNDERMINE MONGOLIA WWW.THEDIPLOMAT.COM PUBLISHED:2025/05/30      9 ORBMINCO ADVANCES BRONZE FOX PROJECT IN KINCORA COPPER PROJECT IN MONGOLIA WWW.DISCOVERYALERT.COM.AU PUBLISHED:2025/05/30      10 MONGOLIA SOLAR ENERGY SECTOR GROWTH: 1,000 MW BY 2025 SUCCESS WWW.PVKNOWHOW.COM PUBLISHED:2025/05/30      ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ, С.БЕРДЫМУХАМЕДОВ НАР АЛБАН ЁСНЫ ХЭЛЭЛЦЭЭ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     Н.НОМТОЙБАЯР: ДАРААГИЙН ЕРӨНХИЙ САЙД ТОДРОХ НЬ ЦАГ ХУГАЦААНЫ АСУУДАЛ БОЛСОН WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/02     Л.ТӨР-ОД МҮХАҮТ-ЫН ГҮЙЦЭТГЭХ ЗАХИРЛААР Х.БАТТУЛГЫН ХҮНИЙГ ЗҮТГҮҮЛЭХ ҮҮ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ЦЕГ: ЗУНЫ ЗУГАА ТОГЛОЛТЫН ҮЕЭР 10 ХУТГА ХУРААЖ, СОГТУУРСАН 22 ИРГЭНИЙГ АР ГЭРТ НЬ ХҮЛЭЭЛГЭН ӨГСӨН WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООЖ, ШАЛГАНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/02     ГАДНЫ КИБЕР ХАЛДЛАГЫН 11 ХУВЬ НЬ УИХ, 70 ХУВЬ НЬ ЗАСГИЙН ГАЗАР РУУ ЧИГЛЭДЭГ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/02     НИЙТИЙН ОРОН СУУЦНЫ 1 М.КВ-ЫН ДУНДАЖ ҮНЭ 3.6 САЯ ТӨГРӨГ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/02     ГОВИЙН БҮСИЙН ЧИГЛЭЛД УУЛ УУРХАЙН ТЭЭВЭРЛЭЛТИЙГ БҮРЭН ЗОГСООНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30     СОР17 УЛААНБААТАР ХОТНОО 2026 ОНЫ НАЙМДУГААР САРЫН 17-28-НД БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/05/30     НИЙСЛЭЛИЙН ТӨР, ЗАХИРГААНЫ БАЙГУУЛЛАГЫН АЖИЛ 07:00 ЦАГТ ЭХЭЛЖ 16:00 ЦАГТ ТАРНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/05/30    

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

64x64

Mongolia forbids import of crashed cars www.news.mn

It has become common for crashed or damaged cars to be imported to Mongolia and then to be sold after having been repaired. According to statistics, 30 percent of car imports in Mongolia are of vehicles which are at least 20 years old. Many are no longer manufactured.

In December, the National Auto Transport Centre of Mongolia signed an important agreement with Japanese organizations handling car assessment. The agreement aims at establishing a database of car exports from Japan in order to prevent crashed or stolen cars ending up in Mongolia.

The agreement will come into effect from 1 April, 2020, after which, car buyers can track the origin of their vehicle and obtain other information.

...


64x64

Emergency Commission postpones resumption of coal export shipment www.montsame.mn

Ulaanbaatar /MONTSAME/. Amid concerns over the novel coronavirus outbreak, the State Emergency Commission (SEC) resolved to put off coal and petroleum exports in February until March 15.

Beginning from March 4, heavy trucks loading coal started crossing the border only through Zamyn-Uud border checkpoint after being fully decontaminated.

Today, the State Emergency Commission convened and decided not to resume coal shipment through border checkpoints because of lack of preparedness at some of the border checkpoints. For instance, Head of the SEC U.Enkhtuvshin pointed that building of disinfection facilities at some checkpoints have not been finished yet and it needs to be made sure that drivers of the freight trucks are ready to launch the shipments as the drivers themselves first had requested to stop the shipments due to fears over the outbreak.

It was earlier reported that once the coal shipment resumes, some temporary regulations should be followed. In particular, only companies satisfying certain safety requirements for the vehicles and their drivers would be allowed to continue coal export shipments with daily limits are set on the number of freight vehicles to cross the checkpoint.

...


64x64

Mining ‘moderately exposed’ to effects of coronavirus www.mining.com

The metals and mining sector will be moderately exposed as a result of the ongoing coronavirus outbreak worldwide, said Moody’s in its latest report on global sectors based on data collected as of mid-March.

The fall in commodity prices will have an adverse effect on those in the industry. However, analysts at Moody’s believe many producers have improved since the last commodity slump in 2015-2016, which caused significant hardship for smaller, less-diversified companies and drove a steep rise in the number of defaults. Now, more global, higher-rated companies are in general better able to withstand a market downturn.

The global spread of coronavirus will slow economic growth significantly, which will, in turn, amplify its effect on several sectors, Moody’s asserts.

The firm recently revised its GDP growth forecasts for the advanced G-20 economies to 1.0% in 2020, down from 1.7% in 2019, and for the emerging G-20 to 3.8% in 2020, down from 4.2% in 2019, including a substantive slowdown in China. The baseline scenario assumes a normalization of economic activity in the second half of the year.

Moody’s cautions that the ability of some companies to withstand the effects of the virus will depend on its duration, and as events unfold on a daily basis, there is a higher than usual degree of uncertainty around its forecasts and assessment will evolve over time with new developments.

The following chart details the level of exposure for the major sectors around the world based on Moody’s research.

...


64x64

Gold price rebounds – biggest rally since June 2016 www.mining.com

The gold price surged on Tuesday after the latest action by the US Federal Reserve to shore up financial markets and the announcement of a massive stimulus program by the Trump administration convinced investors that the metal’s status as a safe haven asset and inflation hedge remains intact.

The gold price jumped out of the gate on the Comex market in New York, touching a high of $1,554.30, up $67.80 an ounce, or 4.6% compared to Monday’s close. That was the biggest one-day gain since June 2016, when Brits voted to leave the European Union.

Bob Haberkorn, senior market strategist, RJO Futures
Gold has been on a wild ride over the past week, dropping as low as $1,450 an ounce Monday – a $250 an ounce slide after briefly hitting a seven-year high above $1,700 a week earlier.

“The fact that the Fed is stepping in, they are putting out more liquidity in the market, has helped gold to trade higher. Gold is starting to act like how it should act,” said Bob Haberkorn, senior market strategist at RJO Futures.

Gold usually performs well in an environment of rising inflation expectations, ultra-loose monetary policy and falling interest rates.

On Tuesday the Fed announced a restart to a 2008 financial crisis-era purchasing program of short-term corporate debt while an economic assistance package of more than $800 billion marked a shift by the White House towards a more aggressive response to the pandemic.

A wave of global central bank stimulus, including an emergency rate cut to zero by the Fed, and a pledge from leaders of the G7 nations to do whatever is necessary to respond to a global slowdown, have also bolstered gold’s prospects.

Bargain hunting
“Gold has got a lot of fundamental factors behind it to help drive it higher. Plus, you do have the technical aspect of it given the drawdown we had over the past two days,” Michael Matousek, head trader at US Global Investors told Reuters.

“It is a great opportunity for people to enter into the gold market.”

Goldman Sachs analysts said in a note that “in the near term, the gold price is likely to remain volatile as it tries to find a new equilibrium.”

(With files from Reuters)

...


64x64

Three citizens that arrived on charter flights test positive for COVID-19 www.montsame.mn

Ulaanbaatar /MONTSAME/. Three Mongolian citizens that arrived in Mongolia on the charter flights en route Seoul-Ulaanbaatar, and Berlin-Ulaanbaatar have tested positive for COVID-19 from the preliminary laboratory tests. The Ministry of Health informed about the situation at its urgent announcement yesterday on March 16 at 10.50 pm.

Head of the Public Administration Department of the Ministry of Health B.Tsogtbaatar noted that the necessary health care assistance and services are being provided to those who have contacted the virus, and all people who were in close contact with them are currently being determined. He said, “The woman who arrived from France through Germany is in a serious state, and all necessary health care measures are being taken. Nine citizens who have been in close contact have been put into isolation. As it has been previously considered that repatriating our citizens from coronavirus affected countries brings risk, each citizen has been put into isolation as appropriate measures had been prepared beforehand.”

The test results of the three citizens were determined on March 16 at 8 pm, of which the other two arrived from the Republic of Korea.

At the State Emergency Commission’s meeting, a decision was made to repatriate citizens currently residing in the Republic of Korea, Japan as well as other countries that are in urgent need to return to their home country. In its framework, 244 citizens arrived on a charter flight en route Seoul-Ulaanbaatar on March 15. Another 231 citizens also arrived on a charter flight en route Berlin-Moscow-Ulaanbaatar yesterday on March 16 at around 8 am. The next charter flight that is to bring Mongolian citizens from Istanbul, Turkey will depart on March 18.

 
 
...


64x64

Rio Tinto provides update on Oyu Tolgoi project www.montsame.mn

Ulaanbaatar /MONTSAME/ On March 16, Rio Tinto mining group issued a press release on the latest update of the Oyu Tolgoi project in Mongolia.

The Rio Tinto says it is working with the Government of Mongolia to ensure Oyu Tolgoi is operating in accordance with the restrictions the Mongolian authorities have put in place to contain the spread of COVID-19.

The first priority of the Rio Tinto and Oyu Tolgoi teams is the health and safety of all of our employees, contractors and the wider community.”

Since January the movement of goods and people within Mongolia have been restricted within and across its border and this has further escalated recently as the first case of COVID-19 has occurred in the country.

Work on the Underground Project continues, however, progress is being slowed as a result of these measures. There is restricted access for teams from Rio Tinto, Oyu Tolgoi and our construction partners to oversee development and provide specialist technical services.

The availability of specialist service providers at the site is essential to safely continue work on technical activities such as the headframe commissioning of Shafts 3 and 4.

The full impact of the slowdown on the Underground Project is unknown at this time and the company will update the market once more information is available.

The mine design for the Underground Project currently remains on track to be completed in the first half of this year, with a definitive estimate to be provided for the development of this world-class orebody in the second half of 2020.

Despite the impact of COVID-19, the open pit of the Oyu Tolgoi mine continues to operate and deliver shipments of copper concentrate to its customers.

Rio Tinto Copper & Diamonds chief executive Arnaud Soirat said “Our focus is on ensuring the safety and health of all of our people at Oyu Tolgoi and we support the decisive action taken by the government to limit the spread of COVID-19. It has inevitably resulted in a restriction on the movement of goods and people in the country and this is slowing down construction activity at the Underground Project. It is too early to determine the impact of this and the team is doing all they can to minimize the disruption in a challenging environment. We will continue to work with our suppliers, customers and the government.”

...


64x64

Mongolia Announces 3 New COVID-19 Cases, Totaling 4: How They Got Coronavirus Precautions Right www.forbes.com

How is it that Mongolia, a land that borders China and one of the likeliest to be a country where the disease would spread quickly and viciously, still has only four confirmed case of COVID-19, three of which were just announced today? Well, they acted quickly.

The first case, detected just last week on March 9 was made public when a French national who entered the country for work purposes began to show symptoms while in Dornogobi province.

Landing March 2 on an Aeroflot flight from France, transiting through Moscow, it was five days before he showed symptoms of the virus, eventually testing positive for COVID-19 in the province, near the border with Inner Mongolia, China. He remains under isolation in the National Center for Communicable Diseases in Ulaanbaatar, where he chose to remain for treatment and is reported to be in stable, healthy condition.

Of the 207 people who came into contact with the first infected case, all have tested negative for contracting coronavirus and local Mongolian news agency Montsame reported that “two citizens who have been in close contact with the French national have also left the territory of Dornogobi aimag despite the recommendations sent from a health organization. The members of the State Emergency Commission noted that the two citizens will be held legally responsible for their actions.”

This statement quickly makes you realize that the Mongolian government is taking things seriously. Very seriously.

But, despite that, it was too late. He was already in the country, escalating tensions between locals and the foreigners who call the country home. (Tensions have since calmed and locals have nicknamed him “Ankh-Otgon,” or “First-Last.”)

Unfortunately, he was not the last. Three new cases were announced today from three passengers aboard special chartered flights returning Mongolian citizens living and studying abroad from France and Germany. The passengers were placed into isolated quarantine upon landing in Mongolia, where they tested positive. They’ve started to receive the necessary treatments.

But even before these cases were detected, and before the WHO declared a pandemic, warning that government systems need to be “urgent and aggressive,” Mongolia did just that. And they did it surprisingly well. And that’s proving to be the best thing any government can do to protect its people right now.

I’d be remiss if I didn’t fail to mention it doesn’t hurt that with temperatures well below freezing, people are mostly covered up in layers from head to toe. When temperatures begin to warm, it will be interesting to see if additional cases within the country start to surface.

Mongolia began taking precautionary actions back in January – they were the second country to close their borders with China.

Just a few weeks after the first case was announced in China on December 31, 2019 the Mongolian government announced they would be closing the borders with China on January 27. They were the second country to do so, after North Korea.

Schools began closures that same date (January 27).

Continuous announcements canceling events across the country were made. All public events and gatherings through the upcoming weeks were now canceled, a major challenge with one of the most celebrated holidays of the year, Tsagaan Sar, or Mongolian Lunar New Year, quickly approaching in February. All of this pre-“social distancing.”

It was eventually announced that March public events would be canceled as well, including the official cancellation of the Ice Festival on Lake Khovsgol, the Winter Golden Eagle Festival, the camel festival in Umnugobi province and the Nauryz Festival nearer to the end of March. All of them major blows to the locals and the tourism dollars they rely on.

It was announced on February 19 that roads and other forms of transportation would be suspended or blocked over Tsagaan Sar (February 21-27) across six provinces to further enforce the need to self-isolate and not gather in large groups. A necessary action to keep the flow of movement limited over a holiday that holds significance in the country. Prior to the ban, traffic into Ulaanbaatar was monitored by stopping cars and requiring that all passengers have their foreheads scanned to detect an abnormal temperature. Something I myself experienced.

But not all public transportation was banned, within the capital the main bus lines were running, but were limited to running on “peak” hours. And even though in the U.S. the CDC advises that wearing a face mask isn’t necessary if you are not sick, they were mandatory while riding public transportation in Ulaanbaatar. Public officials and news broadcasters had even adopted to wearing masks through press conferences and news broadcasts.

A daily 11 a.m. press conference is still broadcast daily across local channels to update locals on any new developments that might develop each day. People are additionally handing out pamphlets in the street providing tips on how to stay healthy.

In a place where panic should have spread, grocery stores are still stocked with food (the exception being the day the case was announced, and price gauging happening mostly only on meat products – the availability and pricing since going back to normal). Toilet paper shortages never having been an issue.

Mongolia’s President Khaltmaagiin Battulga would be the first to visit China following the outbreak, meeting with Chinese President Xi Jinping and Premier Li Keqiang and presenting them with a gift of 30,000 sheep as a gesture of solidarity and support. Upon returning to Mongolia, the President voluntarily going into self-quarantine.

Around this same time period the U.S. Government listed Mongolia as a Travel Level 3 threat.

Flying out of Buyant Ukhaa (Chinggis Khaan International) Airport, masks were mandatory. There were no exceptions.

Leaving Mongolia, now almost two weeks ago (March 5), the seriousness of the quarantines and regulations didn’t completely phase me until I was told I couldn’t enter the airport because I wasn’t wearing a mask. I was not sick, but that didn’t matter. It was mandatory.

The additional security at the airport’s automatic doors, guarding the temperature takers in their hazmat suits, not budging on the issue until a mask was properly hooked around my ears, covering my mouth and nose.

Mask now donned and temperature taken and proven normal; I was free to leave the country. But, now having left, returning to Mongolia is no longer an option for the immediate future. And my future there – or really anywhere, at this point – is uncertain. The same for Mongolian citizens, who are being urged to stay in the countries abroad that they’re currently in.

On March 10 and 11, Mongolia suspended all inbound travel from outside countries until March 28, at the earliest. And, as of yesterday, March 15, my flight returning from Istanbul to Ulaanbaatar on April 4, a date after the current ban on incoming flights, has been canceled by Turkish Airlines. When asked when this route would resume, the Turkish Airlines customer service representative found the next available flight from Istanbul scheduled for May 2. I have little hope that this will be the case.

Travel on the Trans-Siberian Railway to China was suspended back in January thanks to the border closure, leaving passengers scrambling to make new travel arrangements from Ulaanbaatar. That suspension will continue through the March 28 suspension date as well.

On March 12, the U.S. Embassy in Mongolia announced voluntary evacuation flights (evacuation isn’t mandatory) to return to the U.S. As of this moment, the exact number, destination(s) and departure date(s) of these flights is not yet known, but what is known is that passengers will be responsible for the cost a ticket to board one of these specially arranged flights. That price, at this point, unknown.

The British Embassy offered the same to British nationals wishing to leave, with seat prices being announced at $432 for an economy seat on the March 15 Ulaanbaatar to Moscow flight, $540 for an economy seat on the March 15 Ulaanbaatar to Berlin flight and $426 for an economy seat on the March 16 Ulaanbaatar to Tokyo flight.

As of today, roads have been reopened, but citizens entering into Ulaanbaatar are being asked to fill out a questionnaire answering the question of their physical condition and possible risk.

A ban on the operations of monasteries, churches, bars and nightclubs, sauna, motels and a varying degree of sports and cultural entities such as yoga, dance clubs and tourism remain in effect until March 30. The restaurants that do remain open in the city are on a mandatory 10 p.m. closing schedule.

Public trading centers that have been closed since March 10, such as the local-favorite Black Market, are now reopened.

While the U.S. struggles to monitor and test individuals flying back into the country, with articles such as this one from the Washington Post shedding light on how things are being handled (or more appropriately, mishandled), the U.S. and other countries could certainly take note of how this nomadic nation has managed to protect its citizens quickly, and seemingly, effectively in a time when people are scared and looking to their government for answers.

For more information on the coronavirus situation in Mongolia, I’ve written about my personal experience on my website at breannjwilson.com.

...


64x64

Rio Tinto slows expansion of Oyu Tolgoi copper mine in Mongolia www.ft.com

Rio Tinto has slowed work on the underground expansion of its giant copper mine in Mongolia’s Gobi desert, raising the prospect of further delays at its most important project.

The Anglo-Australian miner said the movement of goods and people, including overseas contractors and technical experts, had become more difficult in Mongolia and across the Chinese border after the first case of the coronavirus was recorded in the country and the government took action to limit its spread.

As a result, work on a multibillion underground expansion of the Oyu Tolgoi copper mine had been slowed, Rio said.

“This is slowing down construction activity at the underground project,” said Arnaud Soirat, the head of Rio’s copper and diamonds business. “It is too early to determine the impact of this and the team is doing all they can to minimise the disruption in a challenging environment.”

The company said it would update the market once more information was available and that operations in the open pit at Oyu Tolgoi and deliveries to customers in China were continuing as normal.

The underground expansion of Oyu Tolgoi is Rio’s most important growth project and will increase its production of copper at a time when the shift to renewable energy is driving growing demand for the metal for use in electric vehicles and wind turbines.

But the project, aimed at increasing output to more than 500,000 ounces a year, has been dogged by problems.

Last year Rio warned of a 16 to 30-month delay to first production — which is now expected between May 2022 and June 2023 — and a cost blowout of $1.2bn-$1.9bn. The company blamed difficult ground conditions.

Rio expects to complete a new mine design by the end of June and reveal new cost and timing estimates in the second half of the year.

Shares in Rio fell 5.8 per cent to 3,082p, close to a three-year low.

“This is likely to be the first of many changes to the underlying project path, production profile and capex spending across not just Rio Tinto but the entire mining industry,” said Tyler Broda, analyst at RBC Capital Markets.

“Balance sheets in the sector generally remain very strong, but like almost all other industries, the potential for operational stoppages is likely to create a material build of working capital. We see the miners generally being in a strong relative position to cope but clearly these are volatile times and estimates and forecasts are likely to be changing rapidly.”

Canadian group Lundin Mining has announced the suspension of construction at its Neves-Corvo zinc expansion project in Portugal because of travel restrictions related to the coronavirus.

...


64x64

Mongolia approves standard for recyclable textile masks www.news.mn

The world faces shortages of single-use masks as the coronavirus pandemic hits over 169 countries. Mongolia produces single-use masks and other items domestically, however imports of the raw materials come mostly from China. Currently, stocks of the raw material is decreasing quickly whilst demand for masks is increasing dramatically. Therefore, the Mongolian Agency for Standardization and Metrology quickly established a working group for approving national standards for recyclable textile masks. On 13 March, the agency approved a new standard (‘MNS 6828: 2020’) for recyclable textile masks.

...


64x64

General government budget revenue decreased by 11.7 percent in February www.montsame.mn

Ulaanbaatar/MONTSAME/. In the first two months 2020, general government budget revenue amounted to MNT 1.5 trillion by preliminary results, MNT 1.4 trillion of which accounted for equilibrated revenue. For the general government budget revenue structure in the first two months of 2020, 93.5% was accumulated from equilibrated revenue.

Total expenditure and net lending amounted to MNT 1.5 trillion, resulting in a deficit of MNT 120.0 billion in the equilibrated balance.

In February 2020, the general government budget revenue amounted to MNT 697.0 billion, decreased by MNT 92.6 billion or 11.7%, and total expenditure and net lending amounted to MNT 848.0 billion increased by MNT 253.9 billion or 42.7%, compared to the same period of the previous year.

The General Government budget revenue was composed of tax revenue (85.7%), non-tax revenue (7.8%), future heritage fund (6.2%), and the stabilization fund (0.3%).

In the first two months 2020, tax revenue reached MNT 1.3 trillion, decreased by MNT 76.2 billion or 5.7% compared to the same period of the previous year. This growth was mainly due to decreases of MNT 70.3 billion or 25.8% in value-added taxes, MNT 33.5 billion or 23.6% in other taxes’ revenue and MNT 19.1 billion or 12.8% in the income of particular purposes, while there was an increase by MNT 36.7 billion or 14.0% social security revenue and MNT 0.2 billion or 1.2% in property tax.

In the first two months 2020, 32.2% of the total tax revenue was accumulated from income tax, 23.8% from social security contributions, 16.0% from value-added tax, 10.4% from excise taxes, 9.8% from other taxes and 7.5% from foreign activity revenues.

In the first two months of 2020, general government budget expenditure and net lending increased by MNT337.0 billion or 29.2% compared to the same period of the previous year, totaling up to MNT1.5 trillion by preliminary results. It was primarily affected by an increase of MNT225.1 billion or 20.4% in current expenditure and MNT115.0 billion or 3 times in capital expenditure.

The general government budget expenditure was composed of current expenditure (88.5%) and capital expenditure (11.5%).


Source: National Statistics Office of Mongolia

...