Mongolia recorded a Government Budget deficit equal to 3.40 percent of the country's Gross Domestic Product in 2018. Government Budget in Mongolia averaged -5.33 percent of GDP from 1990 until 2018, reaching an all time high of 6.40 percent of GDP in 2006 and a record low of -17 percent of GDP in 2016.

Government Budget in Mongolia is expected to be -5.40 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Government Budget is projected to trend around -2.10 percent of GDP in 2020, according to our econometric models.

Mongolia Government Budget
Forecast Data Chart
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Mongolia Government Last Previous Highest Lowest Unit
Government Debt to GDP 66.00 79.40 95.73 20.62 percent [+]
Government Budget -3.40 -1.90 6.40 -17.00 percent of GDP [+]
Government Revenues 6785946.00 5548766.80 10062542.40 13474.40 MNT Million [+]
Military Expenditure 90.00 83.00 121.80 30.20 USD Million [+]
Credit Rating 36.25 [+]
Government Spending 739948.60 547197.80 739948.60 244037.90 MNT Million [+]
Government Budget Value 535290.50 192155.70 1458869.50 -3667830.20 MNT Million [+]
Fiscal Expenditure 5499756.00 4598386.80 9519906.10 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. This page provides - Mongolia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Government Budget - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -1.90 6.40 -17.00 1990 - 2018 percent of GDP Yearly

Country Last Previous
Argentina -5.50 Dec/18
Australia -0.60 Dec/18
Brazil -7.10 Dec/18
Canada -0.70 Dec/18
China -4.20 Dec/18
Euro Area -0.50 Dec/18
France -2.50 Dec/18
Germany 1.70 Dec/18
India -3.42 Dec/18
Indonesia -1.76 Dec/18
Italy -2.10 Dec/18
Japan -3.80 Dec/18
Mexico -2.00 Dec/18
Netherlands 1.50 Dec/18
Russia 2.70 Dec/18
Saudi Arabia -9.20 Dec/18
Singapore 0.40 Dec/18
South Africa -4.40 Dec/18
South Korea -1.60 Dec/18
Spain -2.50 Dec/18
Switzerland 1.30 Dec/18
Turkey -2.00 Dec/18
United Kingdom -2.00 Dec/18
United States -3.80 Dec/18