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Tax revenue increased by 40.1 percent compared to same period of previous year www.montsame.mn
According to the preliminary results in the first quarter of 2022, the total revenue of the general government budget was MNT 3.9 trillion, increased by MNT 1.0 trillion (36.1 percent) compared to the same period of the previous year. The equilibrated revenue of the general government budget was MNT 3.6 trillion increased by MNT 940.2 (35.8 percent) billion compared to the same period of the previous year.
On the other hand, the total expenditure and net lending was MNT 3.8 trillion, resulting in deficit of MNT 254.7 billion. In March 2022, the total equilibrated revenue and grants of general government budget was MNT 1.1 trillion, decreased by MNT 422.1 billion (27.7 percent) compared to the previous month. The total expenditure and net lending were MNT 1.4 trillion, increased by MNT 255.1 billion (22.5 percent) compared to the previous month.
The equilibrated balance of the general government budget was in surplus of MNT 390.4 billion in February 2022 while in deficit of MNT 286.8 billion in March 2022. In the first quarter of 2022, tax revenue increased by 2.4 percentage points and stabilization fund revenue increased by 4.1 percentage points while non-tax revenue decreased by 2.7 percentage points and the future heritage fund revenue decreased by 3.9 percentage points compared to the same period of the previous year.
In the first quarter of 2022, 2022, tax revenue reached MNT 3.4 trillion, increased by MNT 962.3 billion (40.1 percent) compared to the same period of the previous year.
In the first quarter of 2022, other taxes revenue increased by 7.8 percentage points while value added tax revenue decreased by 2.8 percentage points, income taxes revenue decreased by 2.5 percentage points, foreign activity revenue decreased by 1.2 percentage points, excise taxes revenue decreased by 1.2 percentage points and social security contributions revenue decreased by 0.1 percentage points compared to the same period of the previous year.
Source: National Statistics Office
Published Date:2022-04-26
