March 14, 2012 on: Economical, Political

In the first two months of 2012, total revenue and grants of the General Government Budget (GGB) amounted to MNT 674.8 billion, total expenditure and net lending--to MNT 682.1 billion, representing a deficit of 7.3 billion in the equilibrated balance of GGB.

Tax revenue increased MNT 160.8 billion or 37.2 percent due to increases of MNT 59.1 billion or 2.3 times in other taxes, MNT 56.3 billion or 35.2 per cent in taxes on goods and services, 30.3 billion or 60.5 per cent in social security contribution, and 14.9 billion or 46.0 per cent in taxes on foreign trade. Non-tax revenue increased MNT 44.6 billion or 2.3 times due to increases of MNT 16.4 billion or 76.3 per cent in revenues from budget entities, 10.2 billion--from dividends, 7.5 billion or 3.6 times--from others, 4.7 billion or 4.3 times--from oil petroleum, and 4.3 billion or 2.2 times--from interest. Total expenditure and net lending of the GGB increased MNT 212.2 billion or 45.2 per cent to 682.1 billion against the previous year due to increases of MNT 89.3 billion or 4.1 times in capital expenditure, 88.6 billion or 38.4 per cent in subsidies and transfers, and 34.8 billion or 18.1 per cent in expenditure of goods and services. There were also decreases of MNT 2.0 billion or 33.1 per cent in lending minus repayments. Spending of MNT 118.4 billion on capital expenditure shows an increase by 89.3 billion or 4.1 times against 2011 due to increases of MNT 81.5 billion or 4.0 times in capital expenditure of domestic sources and 7.8 billion or 5.4 times in foreign-financed capital expenditure. 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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