DEFICIT OF EQUILIBRATED BALANCE REACHES MNT4.5 TRILLION

According to the preliminary results of 2020, the total revenue of the general government budget was MNT 10.4 trillion, of which the equilibrated revenue of the general government budget amounted to MNT 9.4 trillion or 90.6% of the total revenue of the general government budget.

At the end of 2020, the total expenditure and net lending reached MNT 14.0 trillion, showing a deficit of MNT4.5 trillion in the equilibrated balance.

In December 2020, the total equilibrated revenue and grants of the general government budget reached MNT 1.2 trillion, with an increase of MNT 476.5 billion or 68.6%. The total expenditure and net lending were MNT 2.0 trillion, increased by MNT 852.4 billion or 74.3% compared to the previous month.

Local Government budget: In 2020, the total revenue and grants of the local government budget amounted to MNT 3.2 trillion. Total expenditure and net lending amounted to MNT 3.2 trillion, resulting in a surplus of MNT 40.5 billion in the equilibrated balance. The equilibrated balance increased by MNT 20.7 billion or 2.0 times compared to the previous year.
The total revenue and grants of the local government budget reached 3.2 trillion and increased by MNT 267.2 billion or 9.1%, compared to the previous year. This increase was primarily from MNT 329.0 billion or 19.8% increase in non-tax revenue, though tax revenue decreased by MNT 61.8 billion or 4.8%.
Insurance fund: In 2020, the total revenue of the social insurance fund reached MNT 1.9 trillion, showing a decrease of MNT 582.4 billion or 23.4%, while the total expenditure of the social insurance fund was MNT 2.4 trillion, increased by MNT 387.1 billion or 18.8% compared to the previous year.

Source: https://montsame.mn/en/read/250127