www.mad-mongolia.com October 15, 2013
In the first nine months of 2013, total equilibrated revenue and grants of the General Government Budget (GGB) amounted to 3,936.8 bln.tog, and total expenditure and net lending reached 4,067.6 bln.tog, representing a deficit of 130.9 bln.tog in the equilibrated balance of GGB.
Current revenue of the GGB stood at 3,936.1 bln.tog, a current expenditure reached 3,166.9 bln.tog. The budget equilibrated current balance was in surplus of 769.2 bln.tog.
Compared to same period of 2012, tax revenue increased 385.8 bln.tog or 12.5 percent due to the increases of 192.1 bln.tog or 16.3 percent in taxes on goods and services, 139.1 bln.tog or 23.3 percent in income tax, 136.8 bln.tog or 29.1 percent in social security contribution, although there was a decrease of 113.1 bln.tog or 19.7 percent in other taxes.
Non-tax revenue increased by 99.5 bln.tog or 27.6 percent against the same period of the previous year due to the increases of 59.9 bln.tog or 2.1 times in revenues from oil petroleum, 59.1 bln.tog or 2.3 times in revenues from interest, although there were decreases of 28.4 bln.tog or 76.2 percent in revenues from dividends, of 2.6 bln.tog or 5.9 percent in revenues from others.
Within the first nine months of 2013, total expenditure and net lending of the GGB increased by 23.9 bln.tog or 0.6 percent to 4,067.6 bln.tog compared to same period of the previous year. This was mainly due to increases of 252.5 bln.tog or 18.2 percent in expenditure of goods and services, 57.7 bln.tog or 2.3 times in lending minus repayments, 47.4 bln.tog or 51.9 percent in interest payments although there were decreases of 221.5 bln.tog or 13.8 percent in subsidies and transfers, of 112.2 bln.tog or 12.3 percent in capital expenditure.