This website is part of the M.A.D. Urban Network.
Economy / Mongolia News / October 16, 2014

Macroeconomic indicators as of September

Share on Pinterest
Share with your friends










Submit
In September 2014, the national consumer price index rose 0.7 percent from the previous month, totaling a 13 percent increase from 2013. This percentage increase is largely due to higher prices for a household’s purchased goods and services, such as water, electricity and fuel, and other miscellaneous products.
According to a report from the Bank of Mongolia, money supply reached MNT 10.1 trillion, representing a 0.6 percent decrease from the previous month. Circulated currency reached lower levels, totaling MNT 827.3 billion, a 6 percent decrease from August 2014. Loans outstanding amounted to MNT 12.6 trillion, which is a 2.2 percent increase from the previous month, totaling a 24.2 percent increase from the same period in 2013.
Principal arrears amounted to MNT 464.6 billion, equivalent to an 11.9 percent decrease from August 2014. Nonperforming loans reached MNT 590.4 billion, decreasing 4.6 percent from the previous month.
For the state budget, revenue increased as equilibrated revenue and grants of the General Government Budget totaled MNT 4,311.7 billion. Total expenditure and net lending of the budget came out to 4,504.2 billion tugrug. This represents a deficit of MNT 192.5 billion.  As subsidies and transfers rise along with the expenditures on goods and services, the total expenditure and net lending will continue to grow.
The external trade balance presents a similar story. In the first 9 months of 2013, there was a deficit of 1.7 billion USD. However, within the first 9 months of this year, deficits fell down to 24.9 million USD, a 1,703.2 million USD decrease from the same period in 2013.
SOURCE: Mongolian Economy




Previous Post
The Prime Minister’s Plan to “Pull the Wool Over Our Eyes”
Next Post
Draft government budget of 2015 withdrawn




You might also like






More Story
The Prime Minister’s Plan to “Pull the Wool Over Our Eyes”
The proposal to restructure the Cabinet in order to promote "work that is faster, more dynamic, more accurate, and has a higher...