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Revenue of master budget increases www.montsame.mn
Ulaanbaatar /MONTSAME/ In the first six months of 2017, total revenue and grants of the General Government Budget amounted to MNT 3,276.5 billion and total expenditure and net lending amounted to MNT 4,017.1 billion, representing a deficit of MNT 740.7 billion.
The tax revenue reached MNT 2,817.1 billion showing increase by MNT 579.5 billion 25.9% compared to the same period of the previous year. This growth was mainly affected by increase in value added taxes which increased by 48.7% or MNT 233.1 billion, 42.8% increase income taxes that amounted to MNT 210.8 billion, 34.3% increase in other taxes that amounted to MNT 74.7 billion, 52.6% increase in import and export tax revenue that amounted to MNT 73.9 billion, 8.3% increase in security contributions that amounted to MNT 47.2 billion. However there was decrease of excise taxes of 24.5% or MNT 67.6 billion.
Source: National Statistics Office
B.Amarsaikhan
Published Date:2017-07-20
