July Statistic reveals fall in GDP

Aug 20 • Economy • 549 Views • No Comments on July Statistic reveals fall in GDP

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Latest July statistic reveals that Gross Domestic Product of Mongolia in July was decreased to 1’608.9 billion MNT in July. This is a decrease of 20.4 billion MNT in comparison to the first half of the year 2008. The National Consumer Price Index in July 2009 was down by 1.3% compared with the previous month. 4.2% price decrease of food and beverage sector had affected the CPI. Current budget revenue was 975.6 billion MNT whereas the expenditure was 985.9 billion MNT which results to 10.3 billion MNT of budget deficit.

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