TOTAL REVENUE OF GENERAL GOVERNMENT BUDGET INCREASED IN 2022

Ulaanbaatar, February 6, 2023 /MONTSAME/. According to the preliminary results by the National Statistics Office of Mongolia in 2022, the total revenue of the general government budget was MNT 18.6 trillion, which increased by MNT 4.3 (30.0%) trillion compared to the previous year. The equilibrated revenue of the general government budget was MNT 17.2 trillion, which increased by MNT 4.5 (35.3%) trillion compared to the previous year.

The total expenditure and net lending were MNT 18.2 trillion in 2022, resulting in a deficit of MNT 979.3 billion, and decreased by MNT 1.9 (66.5%) trillion compared to the previous year. In December 2022, the total equilibrated revenue and grants of the general government budget were MNT 2.8 trillion, and increased by MNT 1.3 (91.9%) trillion compared to the previous month. The total expenditure and net lending were MNT 2.6 trillion, which increased by MNT 1.0 (65.8%) trillion compared to the previous months.

In 2022, tax revenue reached MNT 15.6 trillion, which increased by MNT 4.3 (37.8%) trillion compared to the previous year. This increase was mainly due to MNT 1.1 (38.1%) trillion increase in value added tax revenue, MNT 740.9 (32.4%) billion increase in social security contributions revenue, MNT 620.7 (18.7%) billion increase in income taxes revenue and MNT 1.4 (2.6 times) trillion increase in other taxes revenue compared to the previous year. In December 2022, tax revenue reached MNT 2.5 trillion, which increased by MNT 1.4 (2.3 times) trillion compared to the previous month.