Government Budget in Mongolia decreased to -11.50 percent of GDP in 2020 from 0.90 percent of GDP in 2019. source: Mongolbank

Government Budget in Mongolia averaged -5.18 percent of GDP from 1990 until 2020, reaching an all time high of 6.40 percent of GDP in 2006 and a record low of -17 percent of GDP in 2016. This page provides - Mongolia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Government Budget - values, historical data and charts - was last updated on March of 2021.

Government Budget in Mongolia is expected to reach -11.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Government Budget is projected to trend around -5.00 percent of GDP in 2022 and -4.00 percent of GDP in 2023, according to our econometric models.

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Mongolia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-11.50 0.90 6.40 -17.00 1990 - 2020 percent of GDP Yearly

Mongolia Government Last Previous Highest Lowest Unit
Government Debt to GDP 55.00 66.00 95.73 20.62 percent [+]
Government Budget -11.50 0.90 6.40 -17.00 percent of GDP [+]
Government Revenues 9068245.10 8256936.80 11936637.60 13474.40 MNT Million [+]
Military Expenditure 90.00 83.00 121.80 30.20 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 978001.90 667695.10 978001.90 244037.90 MNT Million [+]
Government Budget Value -3711095.10 -3258998.50 1458869.50 -3711095.10 MNT Million [+]
Fiscal Expenditure 3320250.40 2349798.30 11429391.80 21398.70 MNT Million [+]


Mongolia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.