Mongolia Business and Mongolian Daily Business News

Budget income flow reached MNT 1679.8 billion, expenditure flow reached MNT 1570.6 billion, balancing profit of MNT 109.2 billion.

Increase in income of dividends by 3.0 times and navigation income by 66.1 percent boosted the growth in non-tax income by MNT 61.4 billion in comparison to that of the previous year.
As of the eleven months of 2009, total expense and returnable net loans reached MNT 2063.2 billion, dropping down by MNT 13.6 billion compared to that of the previous year, affected by increase in remuneration expense by MNT 32.5 billion, subsidy and remittance by MNT 95.5 billion and asset expenditure declined by MNT 97.6 billion. In the same time MNT 345.9 billion have been spent for assets, showing a decline of MNT 97.6 billion or 22.0 percent in comparison to that of the previous year. Drop down in asset expenditure is affected mainly by a decrease in asset expenditure from domestic sources by MNT 98.3 billion or 23.1 percent.
As of eleven months of 2009, Mongolia traded with 116 countries, total forex turnover reached USD 3590.4 million, of which export accounted for USD 1678.3 million and import USD 1912.1 million. Forex balance showed a loss of USD 233.7 million as of eleven months of the year 2009, falling down by 2.8 times in comparison to that of the previous year.

Total goods turnover dropped by USD 1703.9 million, in which export by 27.5 percent and import by 35.8 percent compared to that of the previous year. Total export decline is mainly affected by decrease of copper concentrate price by 45.2 percent, zinc concentrate price by 30.8 percent, raw gold amount by 36.9 percent and its price by 34.2 percent.

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