2015 state budget amendments approved


The joint parliamentary session last Friday approved amendments to the 2015 state budget.
As MP D.Gankhuyag introduced, the total income of Mongolia’s joint budget is estimated at more than 6.6 trillion MNT, which is equivalent to 27.6 percent of GDP, and the total expenditure of the joint budget is forecasted at over 7.8 trillion MNT, equivalent to 32.7 percent of GDP. He also added that budget deficit is 1.2 trillion MNT, which is five percent of GDP.
In accordance with the approved 2015 budget amendment, excise tax on petrol and diesel increased by 228 billion MNT, income tax of entities by 60 billion MNT, income of privatization of property by 17.9 billion MNT, and personal income tax grew by 7.3 billion MNT.
Moreover, 19.4 billion MNT – the allowance for all mothers who have received the Order of Glorious Motherhood, was additionally allocated to local social welfare funds, 9.1 billion MNT for pregnancy and postpartum allowance, and 13 billion MNT was additionally budgeted for pensions.
Also, nearly 34.5 million MNT was added to investment expenses and a project valued at nearly 68.2 million MNT was eliminated from the budget.

Short URL: http://ubpost.mongolnews.mn/?p=13221

Posted by on Jan 25 2015. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

7 + 3 =

Recently Commented

  • Oyun: www.theblueeconomy.org
  • Honheree: It is a sad and awful sight to see so many animals dead from dzuds. These have happened in the past and since 2004 there have...
  • Harvey Dent: Mongolia does not get 476,000 tourists a year. Its gets 476,000 arrivals, most of these are Chinese construction workers....
  • Honheree: It is good but unusual that a Mongolian is so forthright. I am D. Ganbold will be criticised by Mongolians for telling the...
  • Honheree: Be thankful Mongolia is so cheap. In USA lamb in stores costs 69,281 MNT /kg and sirloin which is cheaper cut of beef is...