MINERALS SECTOR’S CONTRIBUTION TO BUDGET REACHES MNT 12,545.1 BILLION

Ulaanbaatar /MONTSAME/. As of the first nine months of this year, Mongolia's general budget revenue has reached MNT 12,545.1 billion, increased by MNT 1,410.3 billion or 12.7 percent compared to the same period of the previous year.

As reported by the Ministry of Mining and Heavy Industry, the minerals sector’s revenue to the state budget has reached MNT 2,924.3 billion, a decrease of MNT 530.6 billion or 15.4 percent compared to the same period of the previous year.

The revenues from the minerals sector include: MNT 2,806.2 billion from the mining sector (22.4 percent), MNT 72.4 billion from the oil industry (0.6 percent), MNT 27.1 billion as a royalty payment (0.2 percent), MNT, MNT 18.5 billion as other revenues (18.5 percent) and the minerals sector accounted for 23.3 percent of the state budget revenue.

Source:https://montsame.mn/en/read/306598