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Total revenue of general government budget increased by 3.2 percent in November www.montsame.mn
According to the preliminary results in the first 11 months of 2021, the total revenue of the general government budget was MNT 13.4 trillion, increased by MNT 4.3 trillion (47.3 percent) compared to the same period of previous year. The equilibrated revenue of the general government budget was MNT 11.7 trillion, increased by MNT 3.4 (41.5 percent) trillion compared to the same period of previous year.
On the other hand, the total expenditure and net lending was MNT 13.6 trillion in the first 11 months of 2021, resulting in deficit of MNT 1.9 trillion decreased by MNT 1.8 (49.1 percent) trillion compared to the same period of previous year.
In November 2021, the total equilibrated revenue and grants of general government budget was MNT 1.0 trillion, increased by MNT 31.4 billion (3.2 percent) compared to the previous month. The total expenditure and net lending were MNT 1.4 trillion, increased by MNT 100.3 billion (8.0 percent) compared to the previous month. The equilibrated balance of the general government budget was in deficit of 236.1 billion in September, in deficit of 270.3 billion in October and 339.2 billion in November 2021.
In the first 11 months of 2021, stabilization fund revenue increased by 4.8 percentage points and nontax revenue increased by 1.6 percentage points while tax revenue decreased by 5.3 percentage points and the future heritage fund revenue decreased by 1.2 percentage points compared to the same period of previous year.
In the first 11 months of 2021, tax revenue reached MNT 10.3 trillion, increased by MNT 2.8 trillion (38.0 percent) compared to the same period of previous year. This increase was mainly due to MNT 1.3 trillion (68.3 percent) increase in income tax revenue, MNT 584.0 billion (42.9 percent) increase in social security revenue, MNT 528.2 billion (25.9 percent) increase in value added tax revenue, MNT 169.2 billion (25.2 percent) increase in other taxes revenue and MNT 167.6 billion (24.5 percent) increase in foreign activity revenue.
According to the preliminary results of November 2021, tax revenue reached MNT 939.1 billion, increased by MNT 40.2 billion (4.5 percent) compared to previous month. This increase was mainly due to MNT 77.1 billion (37.9 percent) increase in value added tax revenue and MNT 29.4 billion (50.3 percent) increase in excise taxes revenue.
Source: National Statistics Office
Published Date:2021-12-20
