Government Spending in Mongolia increased to 812407.70 MNT Million in the fourth quarter of 2019 from 529122.50 MNT Million in the third quarter of 2019. Mongolia Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Mongolia averaged 507210.60 MNT Million from 2010 until 2019, reaching an all time high of 812407.70 MNT Million in the fourth quarter of 2019 and a record low of 244037.90 MNT Million in the third quarter of 2010. This page provides - Mongolia Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Mongolia is expected to be 560878.00 MNT Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Mongolia to stand at 856278.00 in 12 months time. In the long-term, the Mongolia Government Spending is projected to trend around 899948.00 MNT Million in 2021 and 944945.00 MNT Million in 2022, according to our econometric models.

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Mongolia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
812407.70 529122.50 812407.70 244037.90 2010 - 2019 MNT Million Quarterly
Constant prices, 2010=100

Mongolia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.