ID :
94246
Thu, 12/10/2009 - 17:10
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http://m.oananews.org//node/94246
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GENERAL GOVERNMENT BUDGET OVERALL BALANCE IS IN DEFICIT
Ulaanbaatar, /MONTSAME/ As of December 2009, total revenue and grants of General Government budget amounted to 1,701.3 bln.togrogs and total expenditure and net lending was 2,063.2 bln.togrogs representing a deficit of 361.9 bln.togrogs in the General Government budget overall balance.
The higher deficit by 199.0 bln.togrogs against the same period of 2008 was due to Government expenditure's growth which was by 10.5 point higher than the total revenue growth.
Current revenue of General Government amounted to 1,679.8 bln.togrogs and current expenditure reached 1,570.6 mln.togrogs. Thus, the budget current balance was in surplus of 109.2 bln.togrogs.
Compared with the same period of the previous year, tax revenue declined by 283.2 bln.togrogs or 16.8 per cent. This was mainly due to decreases of 207.1 bln.togrogs or 57.6 percent in price increase tax of some products, of 53.5 bln.togrogs or 22.6 per cent in corporate income tax, of 19.8 bln.togrogs or 6.4 per cent in value added tax.
Compared with the same month of the previous year, non-tax revenue increased by 61.4 bln.togrogs or 28.6 per cent, out of which dividends went up by 62.3 bln.togrogs or 3.0 times, revenue from navigation by 11.1 bln.togrogs or 66.1 per cent respectively.
Compared with the same period of the previous year, total expenditure and net lending of the General Government budget reached 2063.2 bln.togrogs reflecting the decrease of 13.6 bln.togrogs and 0.7 per cent. This was mainly due to declines of 32.5 bln.togrogs or 6.7 per cent in wages and salaries and 95.5 bln.togrogs or 15.7 per cent in subsidies and transfers, although decreases of 97.6 bln.togrogs or 22.0 per cent in capital expenditure.
Spending of 345.9 bln.togrogs on capital expenditure in the first 11 months of 2009 was lower by 97.6 bln.togrogs or 22.0 per cent over the same period of last year. Decrease in capital expenditure was due to a decline of 98.3 bln.togrogs, or 23.1 per cent in domestic investment of internal sources.
S.Batbayar
16.41
The higher deficit by 199.0 bln.togrogs against the same period of 2008 was due to Government expenditure's growth which was by 10.5 point higher than the total revenue growth.
Current revenue of General Government amounted to 1,679.8 bln.togrogs and current expenditure reached 1,570.6 mln.togrogs. Thus, the budget current balance was in surplus of 109.2 bln.togrogs.
Compared with the same period of the previous year, tax revenue declined by 283.2 bln.togrogs or 16.8 per cent. This was mainly due to decreases of 207.1 bln.togrogs or 57.6 percent in price increase tax of some products, of 53.5 bln.togrogs or 22.6 per cent in corporate income tax, of 19.8 bln.togrogs or 6.4 per cent in value added tax.
Compared with the same month of the previous year, non-tax revenue increased by 61.4 bln.togrogs or 28.6 per cent, out of which dividends went up by 62.3 bln.togrogs or 3.0 times, revenue from navigation by 11.1 bln.togrogs or 66.1 per cent respectively.
Compared with the same period of the previous year, total expenditure and net lending of the General Government budget reached 2063.2 bln.togrogs reflecting the decrease of 13.6 bln.togrogs and 0.7 per cent. This was mainly due to declines of 32.5 bln.togrogs or 6.7 per cent in wages and salaries and 95.5 bln.togrogs or 15.7 per cent in subsidies and transfers, although decreases of 97.6 bln.togrogs or 22.0 per cent in capital expenditure.
Spending of 345.9 bln.togrogs on capital expenditure in the first 11 months of 2009 was lower by 97.6 bln.togrogs or 22.0 per cent over the same period of last year. Decrease in capital expenditure was due to a decline of 98.3 bln.togrogs, or 23.1 per cent in domestic investment of internal sources.
S.Batbayar
16.41
