Mongolia recorded a Government Budget deficit equal to 2 percent of the country’s Gross Domestic Product in 2013. Government Budget in Mongolia averaged -4.26 percent of GDP from 1990 until 2013, reaching an all time high of 3.10 percent of GDP in 2006 and a record low of -14.30 percent of GDP in 1998. Government Budget in Mongolia is reported by the Mongolbank. 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. This page provides – Mongolia Government Budget – actual values, historical data, forecast, chart, statistics, economic calendar and news.
The post Mongolia Government Budget appeared first on Central bank.