ID :
165365
Wed, 03/02/2011 - 15:14
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http://m.oananews.org//node/165365
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PRELIMINARY EXECUTION OF MASTER BUDGET INTRODUCED
Ulaanbaatar, Mongolia, /MONTSAME/ At Wednesday cabinet meeting, a report was given by S.Bayartsogt, the Minister of Finance, on preliminary execution of the master budget for 2010.
According to the report, completion of total revenue of the master budget has been done by 113.9 percent; the execution of total expenditure--by 96.6 per cent; the total balance of budget had a profit of MNT 3.4 billion. Against the results expected, the total balance shows a decrease of MNT 481.7 billion.
As a preliminary result, a size of the Gross Domestic Product (GDP) has reached MNT 8255.1 billion for the year 2010. In addition to it, the total revenue of the master budget has reached MNT 3.069.9 billion, and the income plan has exceeded by MNT 374 billion or 13.9 per cent. It shows a MNT 1.076.9 billion or 54 per cent increase against the previous year.
The total revenue of the master budget is divided into several types of incomes such as tax income (87.1%), non-tax income (11.5%), income from aid (1.1%), and capital income (0.3%).
B.Khuder
According to the report, completion of total revenue of the master budget has been done by 113.9 percent; the execution of total expenditure--by 96.6 per cent; the total balance of budget had a profit of MNT 3.4 billion. Against the results expected, the total balance shows a decrease of MNT 481.7 billion.
As a preliminary result, a size of the Gross Domestic Product (GDP) has reached MNT 8255.1 billion for the year 2010. In addition to it, the total revenue of the master budget has reached MNT 3.069.9 billion, and the income plan has exceeded by MNT 374 billion or 13.9 per cent. It shows a MNT 1.076.9 billion or 54 per cent increase against the previous year.
The total revenue of the master budget is divided into several types of incomes such as tax income (87.1%), non-tax income (11.5%), income from aid (1.1%), and capital income (0.3%).
B.Khuder
