Mongolia Government Budget

Mongolia is expected to record a Government Budget deficit equal to 2 percent of the countrys Gross Domestic Product in 2013. Government Budget in Mongolia is reported by the Mongolbank. From 1990 until 2013, Mongolia Government Budget averaged -4.4 Percent of GDP reaching an all time high of 3.1 Percent of GDP in December of 2006 and a record low of -14.3 Percent of GDP in December of 1998. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Mongolia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-2.00 -7.70 3.10 -14.30 -0.68 | 2014/06 1990 - 2013 Percent of GDP Yearly

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Mongolia Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 51.70 2011-12-31 45.30 105.50 24.50 57.65 2014-06-30 Percent [+]
Government Budget -2.00 2013-12-31 -7.70 3.10 -14.30 -0.68 2014-06-30 Percent of GDP [+]
Credit Rating 36.25 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Mongolia Inflation Rate at 12.40 Percent  
The inflation rate in Mongolia was recorded at 12.40 percent in March of 2014. Inflation Rate in Mongolia is reported by the Mongolbank.
Mongolia Interest Rate at 10.50 Percent  
The benchmark interest rate in Mongolia was last recorded at 10.50 percent. Interest Rate in Mongolia is reported by the Mongolbank.
Mongolia Personal Income Tax Rate at 10.00 percent  
The Personal Income Tax Rate in Mongolia stands at 10 percent. Personal Income Tax Rate in Mongolia is reported by the General Department of National Taxation.
Mongolia Corporate Tax Rate at 25.00 percent  
The Corporate Tax Rate in Mongolia stands at 25 percent. Corporate Tax Rate in Mongolia is reported by the General Department of National Taxation.
Mongolia Sales Tax Rate | VAT at 10.00 Percent  
The Sales Tax Rate in Mongolia stands at 10 percent. Sales Tax Rate in Mongolia is reported by the General Department of National Taxation.
Mongolia GDP Annual Growth Rate at 11.70 Percent  
The Gross Domestic Product (GDP) in Mongolia expanded 11.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is reported by the National Statistical Office of Mongolia.
Mongolia Unemployment Rate at 7.60 Percent  
Unemployment Rate in Mongolia increased to 7.60 percent in the third quarter of 2013 from 7.30 percent in the second quarter of 2013. Unemployment Rate in Mongolia is reported by the National Statistical Office of Mongolia.
Mongolia Balance of Trade at -33.10 USD Million  
Mongolia recorded a trade deficit of 33.10 USD Million in December of 2013. Balance of Trade in Mongolia is reported by the Mongolbank.
Mongolia Current Account at -870.80 USD Million  
Mongolia recorded a Current Account deficit of 870.80 USD Million in the third quarter of 2013. Current Account in Mongolia is reported by the Mongolbank.
Mongolia Imports at 438.80 USD Million  
Imports in Mongolia decreased to 438.80 USD Million in December of 2013 from 448.30 USD Million in November of 2013. Imports in Mongolia is reported by the Mongolbank.
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