Revised budget deficit at 6.4% of GDP - News.MN

Revised budget deficit at 6.4% of GDP

Old News! Published on: 2010.07.29

Revised budget deficit at 6.4% of GDP

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Г. Нэргүй
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Among the several draft laws hastily
approved, in succession by the relevant Standing Committee and then by
Parliament itself, without too much of a discussion in either forum, before
Parliament went into recess after an extended session, was the one on budget
revision. Revenue is now fixed at MNT2,645.7 billion, MNT145.3 billion less
than earlier estimated, while expenses are MNT3,107.9 billion, down by MNT143.3
billion. The total deficit now stands at 6.4 percent of the GDP.

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