Mongolia recorded a Government Budget surplus equal to 1.30 percent of the country's Gross Domestic Product in 2019.

Government Budget in Mongolia averaged -4.96 percent of GDP from 1990 until 2019, 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 October of 2020.

Government Budget in Mongolia is expected to reach -5.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Government Budget is projected to trend around -3.50 percent of GDP in 2021, according to our econometric models.

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Mongolia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
1.30 3.00 6.40 -17.00 1990 - 2019 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 1.30 3.00 6.40 -17.00 percent of GDP [+]
Government Revenues 2866962.20 2224565.10 11936637.60 13474.40 MNT Million [+]
Military Expenditure 90.00 83.00 121.80 30.20 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 782267.20 619908.40 812407.70 244037.90 MNT Million [+]
Government Budget Value -643487.50 -275990.70 1458869.50 -3667830.20 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.