In September 2019, equilibrated revenue and grants of the General government budget reached MNT 872.7 billion, increased by MNT 31.5 billion or 3.7% from the previous month and total expenditure and net lending reached MNT 937.8 billion, increased by MNT 111.1 billion or 13.4% from the previous month.

In the first 9 months of 2019, tax revenue reached MNT 7.0 trillion, increased by MNT 1225.1 billion or 21.2% compared with the same period of previous year. This growth was mainly affected by increases of MNT 371.7 billion or 26.3% in income tax, MNT 273.4 billion or 24.0% in social security revenue, MNT 231.9 billion or 15.1% in value added taxes, MNT 135.9 billion or 25.0% in other tax, MNT 104.4 billion or 18.9% in excise taxes and MNT 94.9 billion or 19.4% in revenue from foreign activities.

General Government budget revenue was comprised of 81.0% of tax revenue, 8.5% of non-tax revenue, 9.7% of the future heritage fund and 0.8% of the stabilization fund.

In the first 9 months of 2019, total expenditure and net lending of the General government budget reached MNT 7.3 trillion, increased by MNT 989.4 billion or 15.8% compared with the same period of previous year. This increase was mainly due to MNT 634.7 billion or 12.3% increase in current expenditure and MNT 477.1 billion or 56.6% increase in capital expenditure.

General government budget expenditure and net lending was comprised of 79.6% of current expenditure, 18.2% of capital expenditure and 2.2% of net lending.

Source: National Statistics Office of Mongolia