BUDGET CURRENT BALANCE IS SURPLUS

Ulaanbaatar, /MONTSAME/. As of the preliminary result of 2009, total revenue and grants of General Government budget amounted to 1993.0 bln.togrogs and total expenditure and net lending was 2321.6 bln.togrogs representing a deficit of 328.6 bln.togrogs in the General Government budget overall balance.
The higher deficit by 32.2 bln.togrogs against the previous year was due to total revenue decline which was by 2.3 point higher than the total expenditure decrease, the National Statistics Commission reports.
Current revenue of General Government amounted to 1965.5 bln.togrogs and current expenditure reached 1792.1 bln.togrogs. Thus, the budget current balance was in surplus of 173.4 bln.togrogs.
Compared with the previous year, tax revenue declined by 275.6 bln.togrogs or 14.6 percent. This was mainly due to decreases of 198.3 bln.togrogs or 51.1 percent in price increase tax of some products, of 47.9 bln.togrogs or 18.9 percent in corporate income tax, of 42.2 bln.togrogs or 11.5 percent in value added tax, and of 11.7 bln.togrogs or 6.6 percent in excise taxes.
Compared with the previous year, non-tax revenue increased by 90.1 bln.togrogs or 34.6 percent, out of which dividends went up by 75.5 bln.togrogs or 3.3 times, revenue from navigation by 11.5 bln.togrogs or 60.1 percent, respectively. Compared with the previous year, total expenditure and net lending of the General Government budget reached 2321.6 bln.togrogs that is a decrease of 145.2 bln.togrogs and 5.9 percent. This was mainly due to declines of 34.4 bln.togrogs or 6.3 percent in wages and salaries and 107.2 bln.togrogs or 15.6 percent in subsidies and transfers, although decreases of 119.8 bln.togrogs or 23.5 percent in other goods&services expenses and, of 166.5 bln.togrogs or 26.7 percent in capital expenditure.
Spending of 457.9 bln.togrogs on capital expenditure as of the preliminary result of 2009 was lower by 166.5 bln.togrogs or 26.7 percent over the of previous year. Decrease in capital expenditure was due to a decline of 91.5 bln.togrogs, or 19.2 percent in domestic investment of internal sources and of 67.1 bln.togrogs, or 76.6 percent in acquisition of stock.