Mongolia recorded a government budget deficit of 643487.50 MNT Million in April of 2020.

Government Budget Value in Mongolia averaged -150834.04 MNT Million from 2000 until 2020, reaching an all time high of 1458869.50 MNT Million in October of 2018 and a record low of -3667830.20 MNT Million in December of 2016. This page provides - Mongolia Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Government Budget Value - values, historical data and charts - was last updated on October of 2020.

Government Budget Value in Mongolia is expected to be -900000.00 MNT Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Mongolia to stand at -840000.00 in 12 months time. In the long-term, the Mongolia Government Budget Value is projected to trend around -840000.00 MNT Million in 2021, according to our econometric models.

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Mongolia Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-643487.50 -275990.70 1458869.50 -3667830.20 2000 - 2020 MNT Million Monthly

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 Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.