Macroeconomic indicators by August 2012 - News.MN

Macroeconomic indicators by August 2012

Old News! Published on: 2012.09.13

Macroeconomic indicators by August 2012

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The national consumer price index in August 2012, increased
by 0.7 percent compared to the previous month, 11.1 percent compared to the
beginning of the year, and 14.9 percent compared to same period of the previous
year.  

The increase in national index compared to the previous month was mainly
due to 15.2 percent increase in education.

According to the report of the Bank of Mongolia, money supply (broad money or
M2) at the end of August 2012, reached to 6997.1 bln.tog, increased by of 43.6
bln.tog or 0.6 percent compared to the previous month, and increased by 1093.9
bln.tog or 18.5 percent compared to same period of the previous year. 

At the end of August 2012, currency issued in circulation reached 814.9
bln.tog, increased by 13.5 bln.tog or 1.7 percent compared to the previous
month, and increased by 109.1 bln.tog or 15.5 percent compared to same period
of the previous year.  

Loans outstanding at the end of August 2012, amounted to 6675.1 bln.tog,
up by 246.6 bln.tog or 3.8 percent compared to the previous month, and up by
1804.3 bln.tog or 37.0 percent compared to same period of the previous year.  

Principals in arrears at the end of August 2012, reached 100.6 bln.tog,
increased by 15.5 bln.tog or 18.2 percent compared to the previous month, and
increased by 33.6 bln.tog or 50.1 percent compared to same period of the
previous year. 

At the end of August 2012, the non-performing loans over the bank system
reached 312.3 bln.tog, showing an increase of 6.6 bln.tog or 2.1 percent
compared to the previous month, and a decrease of 63.6 bln.tog or 16.9 percent
compared to same period of the previous year.  

In August 2012, there were 23 trading days and 6.9 mln.shares valued at
50.7 bln.tog were traded. 

In the first 8 months of 2012, total  equilibrated revenue and
grants of the General Government Budget amounted to 3099.5 bln.tog and total
expenditure and net lending amounted to 3582.6 bln.tog, representing deficit of
483.1 bln.tog in the equilibrated balance of General Government Budget.  

In the first 8 months of 2012, current revenue of the General Government
Budget amounted to 3088.5 bln.tog and current expenditure reached 2761.0
bln.tog. Thus, the budget equilibrated current balance was in surplus of 327.4
bln.tog.  

Compared to same period of the previous year, tax revenue increased by
437.5  bln.tog or 18.7 percent. The increase was mainly due to the
increases of 144.8 bln.tog or 52.9 percent in social security contribution,
138.5 bln.tog or 34.1 percent in other taxes, 127.1 bln.tog or 14.0 percent in
taxes on goods and services, 18.5 bln.tog or 3.5 percent in income tax, 5.9
bln.tog or 2.7 percent in taxes on foreign trade and 2.6 bln.tog or 27.0 
percent property taxes. 

Compared to same period of the previous year, non-tax revenue desreased
by 54.0 bln.tog or 14.9 percent. The desrease was mainly due to the increases
of 82.7 bln.tog or 39.8 percent in revenues from budjet entities, 1.7 bln.tog
or 4.5 percent in revenues from dividends although there was increases of 14.2
bln.tog or 45.3 percent in revenues from oil petroleum, 10.0 bln.tog or 34.9
percent in revenues from others, 4.1 bln.tog or 14.7 percent in revenues from
interest and 1.4 bln.tog or 4.9 percent in navigation fee.
 

In the first 8 months of 2012, total expenditure and net lending of the
General Government Budget increased by 1052.6 bln.tog or 41.6  percent to
3582.6 bln.tog compared to same period of the previous year. This was mainly
due to increases of 434.1  bln.tog or 40.7 percent in subsidies and
transfers, 352.2 bln.tog or 82.4 percent in capital expenditure, 327.3 bln.tog
or 37.6 percent in expenditure of goods and services, 37.5 bln.tog or 2.5 times
in interest payments although there was decreases of  98.5 bln.tog or 70.3
percent in lending minus repayments.  

In the first 8 months of 2012, spending of 779.9 bln.tog on capital
expenditure increased by 352.2 bln.tog or 82.4 percent compared to same period
of the previous year. This was mainly due to increases of 367.9 bln.tog or 94.4
percent in capital expenditure of domestic sources although there was decreases
of 15.6 bln.tog or 41.2 percent in capital expenditure of foreign financed
compared to same period of the previous year.   

In the first 8 months of 2012, Mongolia traded with 124
countries from all over the world and total external trade turnover reached
7531.1 mln.US dollars, of which exports made up 2871.6 mln.US dollars and
imports made up 4659.5 mln.US dollars.  

Foreign trade balance showed a deficit of 1788.0 mln.US dollars in the
first 8 months of 2012, reflecting 444.5 mln.US dollars or 33.1 percent
increase compared to same period of the previous year. The foreign trade
deficit in the first 8 months of 2012 was mainly caused by the fact that the
import growth was higher by 10.4 points than the export growth.
Total external trade turnover increased by 492.3 mln.US dollars or 7.0 percent,
of which imports up by 468.4 mln.US dollars or 11.2 percent, and exports up by
23.9 mln.US dollars or 0.8 percent, compared to same period of the previous
year.

Mineral products, natural or cultured stones, precious metal, jewelry, coins,
raw & processed hides, skins, fur & articles, animal origin products,
and textile articles accounted for 98.3 percent of the total export value
amount.

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