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Minerals industry’s contribution to government budget increases www.montsame.mn
According to the last year’s performance, the mining sector accounted for 22 percent of GDP, 71 percent of industrial output and 94 percent of exports.
Budget revenue in 2020 decreased by 12,6 percent compared with 2019 due to the outbreak of the COVID-19 pandemic, dropping to MNT 10.4 trillion. However, the mineral industry’s contribution to the government budget accounted for 25.7 percent, 1.4 percent increase compared with the previous year.
The Ministry of Mining and Heavy Industry reports that the government budget in 2019 was MNT 11.9 trillion, of which MNT 2.9 trillion or 24.3 percent was mineral industry’s contribution.
Published Date:2021-03-11
