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TAX REVENUE INCREASED BY 22.7 PERCENT, REACHING MNT 5.5 TRILLION

The National Statistical Office of Mongolia (NSO Mongolia) released a report on the social and economic situation of Mongolia in the first seven months of 2019. The total equilibrated revenue and grants of the General government budget amounted to MNT 6.0 trillion and total expenditure and net lending amounted to MNT 5.5 trillion, resulting in a surplus of MNT 535.3 billion in the equilibrated balance. In July 2019, equilibrated revenue and grants of the General government budget reached MNT 1134.6 billion, increased by MNT 186.1 billion or 19.6% from the previous month whereas, total expenditure and net lending reached MNT 791.5 billion, decreased by MNT 110.9 billion or 12.3% from the previous month.
Tax revenue reached MNT 5.5 trillion, increased by MNT 982.9 billion or 22.7% compared with the same period of previous year.

Source: Montsame

2019.08.07