In August 2019, equilibrated revenue and grants of the General government budget reached MNT 841.2 billion, decreased by MNT 293.4 billion or 25.9% from the previous month whereas, total expenditure and net lending reached MNT 826.8 billion, increased by MNT 35.3 billion or 4.5% from the previous month.

In the first 8 months of 2019, tax revenue reached MNT 6.2 trillion, increased by MNT 1104.8 billion or 21.5% compared with the same period of previous year. This growth was mainly affected by increases of MNT 362.9 billion or 28.1% in income tax, MNT 267.1 billion or 26.9% in social security revenue, MNT174.9 billion or 13.0% in value added taxes, MNT 116.4 billion or 24.1% in other tax, MNT 89.3 billion or 18.0% in excise taxes and MNT 80.7 billion or 18.7% in revenue from foreign activities.

General Government budget revenue was comprised of 81.3% of tax revenue, 8.2% of non-tax revenue, 10.0% of the future heritage fund and 0.5% of the stabilization fund.

In the first 8 months of 2019, total expenditure and net lending of the General government budget increased by MNT 920.3 billion or 17.0% compared with the same period of previous year. This increase was mainly due to MNT 532.1 billion or 11.7% increase in current expenditure and MNT 460.4 billion or 69.1% increase in capital expenditure.

General government budget expenditure and net lending was comprised of 80.1% of current expenditure, 17.8% of capital expenditure and 2.1% of net lending.

Source: National Statistics Office of Mongolia