May 11, 2012 on: Economical, Political

In the first 4 months of 2012, total equilibrated revenue and grants of the General Government Budget amounted to 1,465.8 billion togrog and total expenditure and net lending amounted to 1,513.8 billion togrog, representing deficit of 48.0 billion togrog in the equilibrated balance of General Government Budget.

Compared to same period of 2011, tax revenue increased by 229.7 billion togrog or 21.5 percent due to the increases of 102.0 billion togrog or 27.5 percent in taxes on goods and services, 67.8 billion togrog or 55.9 percent in social security contribution, 35.1 billion togrog or 12.8 percent in income tax, 14.6 billion togrog or 6.9 percent in other taxes and 8.8 billion togrog or 9.9 percent in taxes on foreign trade. Compared to same period of the previous year, non-tax revenue increased by 35.4 billion togrog or 28.3 percent due to the increases of 28.0 billion togrog or 48.8 percent in revenues from budget entities, 8.7 billion togrog or 89.4 percent in revenues from others, 3.7 billion togrog or 32.9 percent in revenues from interest, 3.2 billion togrog or 22.7 percent in revenues from oil petroleum and 1.9 billion togrog or 16.3 percent in navigation fee, although there was decreases of 10.3 billion togrog or 50.1 percent in revenues from dividends. In the first 4 months of 2012, total expenditure and net lending of the General Government Budget increased by 364.3 billion togrog or 31.7 percent to 1,513.8 billion togrog compared to same period of the previous year due to increases of 129.9 billion togrog or 2.0 times in capital expenditure, 116.6 billion togrog or 27.7 percent in expenditure of goods and services, 93.1 billion togrog or 16.1 percent in subsidies and transfers, 16.9 billion togrog or 2.8 times in lending minus repayments and 7.7 billion togrog or 46.7 percent in interest payments. Spending of 255.4 billion togrog on capital expenditure increased by 129.9 billion togrog or 2.0 times compared to same period of the previous year due to increases of 125.8 billion togrog or 2.0 times in capital expenditure of domestic sources and 4.1 billion togrog or 2.3 times in foreign financed capital expenditure, compared to same period of the previous year. Please note that this article and / or its accompanying media (picture, video, sound files etc…) has not been written, created or taken by M.A.D. Investment Solutions staff. It is not copyrighted to M.A.D. Investment Solutions nor does the company claim any ownership or rights towards the content and its accompanying media. The above article does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant as a source of information to readers and does not constitute a legal or biding agreement in any way, shape or form. Ownership of the content and its accompanying media remains with its legal owner or contributor but was sourced from Public Domain sources. If you are the owner of this content or its media and would like it replaced or taken out of our website, please contact us on: info@mad-mongolia.com. For contact and comments directly relating to the above article and or its accompanying media, please refer to the source as stated below

SOURCE OF THIS ARTICLE : Montsame.mn

Please note that this article and / or its accompanying media (picture, video, sound files etc…) has not been written, created or taken by M.A.D. Investment Solutions staff. It is not copyrighted to M.A.D. Investment Solutions nor does the company claim any ownership or rights towards the content and its accompanying media. The above article does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant as a source of information to readers and does not constitute a legal or biding agreement in any way, shape or form. Ownership of the content and its accompanying media remains with its legal owner or contributor but was sourced from Public Domain sources. If you are the owner of this content or its media and would like it replaced or taken out of our website, please contact us on: info@mad-mongolia.com. For contact and comments directly relating to the above article and or its accompanying media, please refer to the source as stated above.

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