Mineral industry makes up 27 percent of budget revenue www.montsame.mn
Ulaanbaatar /MONTSAME/. According to the preliminary performance results of the general government budget of Mongolia, budget revenue reached MNT 10.4 trillion, showing a decrease of MNT 1 trillion or 13.6 percent since the previous year.
The ministry of Mining and Heavy Industry reports that the mineral industry's contribution to the government budget was MNT 2.6 trillion, which means MNT 246 billion or 8.4 percent decrease compared to 2019.
The minerals industry's contribution to the government budget are divided as follows:
Mining industry – MNT 2.5 trillion or 24.3 percent of budget revenue.
Petroleum industry – MNT 102.8 billion or 1 percent of budget revenue,
Payments for special licenses – MNT 32.7 billion or 0.3 percent,
Other types of payments and contributions MNT 14.9 billion or 0.1 percent.
Published Date:2021-02-16