State Budget accumulates MNT 2.6 trillion - News.MN

State Budget accumulates MNT 2.6 trillion

Old News! Published on: 2015.07.20

State Budget accumulates MNT 2.6 trillion

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Мөнгөнтамир
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The Mongolian Ministry of the Finance has informed that the state budget deficit was the less than the expectation for the 2nd quarter of 2015. In other words, the state budget has accumulated MNT 2.6 trillion, which means 84.1% of the budget has now been met.  In total 88.7% of the all budget revenue comes from taxation; the remainder from other sources.  In addition, the state budget deficit is caused by a tax shortfall of MNT 188.2 billion, and a non-tax shortfall of MNT 311.8 billion.

Since 2014, the Mongolian Government has also issued bonds in order to increase the sources for financing the budget deficit via the Mongolian Stock Market. In addition, the Stock Market has exchanged MNT 975.4 billion short-term bonds and MNT 201.7 billion long termed during the 2nd quarter of this year.  

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