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Budget deficit reaches 347 thousand USD www.gogo.mn
As of July 2017, public revenue to Government amounted 1 billion 581 million USD (3 trillion and 899 billion MNT) while total expenditure and net lending amounted 1 billion 842 million USD (4 trillion and 488 billion MNT).
Thus, the Government has a budget deficit of 348 million USD (848 billion MNT).
The local budget has 59 million USD (143.5 billion MNT) and social insurance fund`s budget has 47 million (115 billion MNT) surplus respectively.
Compared to the same period of previous year, public revenue to Government risen by 28 percent or 353 million USD (859 billion MNT) while total expenditure reduced by 10 percent or 216 million USD (525.4 billion). As a result, revenue growth is 38 percent higher than expenditure growth.
Published Date:2017-08-25
