1 MONGOLIA QUARANTINES RUSSIAN BORDER REGION OVER BUBONIC PLAGUE SUSPICION WWW.THEMOSCOWTIMES.COM  PUBLISHED:2020/07/03      2 EBRD FINANCES FLOOD-PROTECTION MEASURES IN MONGOLIA WWW.EBRD.COM PUBLISHED:2020/07/03      3 MONGOLIA'S THE HU RAISES $19,000 FOR COVID-19 RELIEF WWW.BLABBERMOUTH.NET  PUBLISHED:2020/07/03      4 FATF REVIEWS MONGOLIA’S EFFORT ON AML/CFT WWW.MONTSAME.MN PUBLISHED:2020/07/03      5 ADB, MONGOLIA SIGN PROJECTS FOR COVID-19 SHOCK RESPONSE, ECONOMIC COOPERATION ZONE, SOLID WASTE MANAGEMENT WWW.MONTSAME.MN PUBLISHED:2020/07/03      6 MIAT BOEING MAKES EMERGENCY LANDING IN BEIJING WWW.NEWS.MN PUBLISHED:2020/07/03      7 PM U.KHURELSUKH TO CONTINUE TO LEAD MONGOLIAN GOVERNMENT WWW.NEWS.MN PUBLISHED:2020/07/03      8 U.S. HOUSE PASSES BILL TO SANCTION CHINESE BANKS OVER HONG KONG WWW.REUTERS.COM PUBLISHED:2020/07/02      9 NAADAM FESTIVAL BECOMES THE LONGEST HOLIDAY WWW.NEWS.MN PUBLISHED:2020/07/02      10 ‘FOR THE 1ST TIME IN LIVING MEMORY’: IMF EXPECTS ASIAN ECONOMY TO SHRINK AS IT DOWNGRADES FORECAST WWW.RT.COM PUBLISHED:2020/07/02      МОНГОЛ УЛСЫН 31 ДЭХ ЕРӨНХИЙ САЙДААР У.ХҮРЭЛСҮХИЙГ ТОМИЛЛОО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2020/07/02     ЗАСГИЙН ГАЗРУУДЫН ӨРИЙН ХЭМЖЭЭ НЭМЭГДЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/07/02     МОНГОЛ УЛС ФАТФ-ЫН СААРАЛ ЖАГСААЛТААС ГАРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2020/07/02     АЛТНЫ ХАНШ ӨНГӨРСӨН ОНЫ МӨН ҮЕЭС 31 ХУВИАР ӨСЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/07/02     АЗИЙН ХӨГЖЛИЙН БАНКНААС 56.4 САЯ ДОЛЛАРЫН ЗЭЭЛ АВЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2020/07/02     ТОЛГОЙТ, ШАРХАД ДЭД ТӨВИЙГ БАЙГУУЛАХАД АХБ 43.65 САЯ АМ.ДОЛЛАРООР САНХҮҮЖҮҮЛНЭ WWW.IKON.MN  НИЙТЭЛСЭН:2020/07/02     ОРОН НУТАГТ ХОГ ХАЯГДЛЫГ ДАХИН БОЛОВСРУУЛАХАД АХБ-НААС ХОЁР САЯ АМ.ДОЛЛАРЫН БУЦАЛТГҮЙ ТУСЛАМЖ ОЛГОХООР БОЛЛОО WWW.IKON.MN НИЙТЭЛСЭН:2020/07/02     МИНИЙ МАШИН УРАМШУУЛАЛТ ХӨТӨЛБӨР ОРОН ДАЯАР ДАХИН ЭХЭЛЛЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2020/07/02     "СҮҮ" ХК НЭМЖ 85.5 САЯ ЭНГИЙН ХУВЬЦАА АРИЛЖИНА WWW.MONTSAME.MN  НИЙТЭЛСЭН:2020/07/01     ЖДҮ-ИЙН ЗЭЭЛ АВАХ 1500 ААН ХҮСЭЛТЭЭ ИРҮҮЛЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2020/07/01    

Mongolia’s GDP rises 8.6 percent in Q1 www.zgm.mn

In the first quarter of 2019, GDP of Mongolia at 2010 constant price reached MNT 3.5 trillion by preliminary estimation of production approach, increased by MNT 279.9 billion or 8.6 percent compared to the same period of the previous year. This increase was mainly driven by the 8 percent increase in the service sector, which is worth MNT 127.7 billion (wholesale and retail trade sector by MNT 52.2 billion or 13.9 percent) and industry, construction sector by MNT 124.9 billion or 11.2 percent.

In addition, the inflation measured by the consumer price index (CPI) at the national level increased by 1 percent from the previous month, by 2.8 percent from the end of the previous year and by 7 percent yoy.

7 percent increase of CPI was mainly contributed by increases in prices of food and non-alcoholic beverages group by 8.3 percent (meat and meat products by 20.4 percent, non-alcoholic beverages by 6.6 percent and milk, dairy products and eggs by 1.5 percent), alcoholic beverages and tobacco group by 3.6 percent, transport by 5.5 percent, housing, water, electricity and fuels group by 8.9 percent (electricity, gas and other fuels by 9.6 percent), and health by 9.5 percent.

The money supply (broad money or M2) reached MNT 19.9 trillion at the end of April 2019, showing an increase of MNT 188.7 billion from the previous month and by MNT 3.6 trillion from the same period of the previous year.

The national currency in circulation reached MNT 933 billion, increased by MNT 35.2 billion or 3.9 percent from the previous month. But the number is MNT 4.6 billion lower than the previous year.

In the first four months of 2019, the total equilibrated revenue and grants of the General Government Budget amounted to MNT 3.1 trillion and total expenditure and net lending amounted to MNT 2.8 trillion, resulting in a surplus of MNT 286.5 billion in the equilibrated balance.

In April, the equilibrated revenue and grants of the General Government Budget reached MNT 968.6 billion, an increase of MNT 259.5 billion or 36.6 percent, whereas total expenditure and net lending reached MNT 876.4 billion, and by MNT 59.6 billion or 7.3 percent from the previous month. In the first quarter of 2019, current and capital account balance deficit by preliminary result reached USD 277.4 million, which is USD 70.8 million lower compared to the same period of last year. The current account deficit reached USD 297.6 million, which was mainly due to USD 553.2 million deficit in services account and USD 196.2 million deficit in the primary account.



Published Date:2019-05-16