Government Spending in Mongolia increased to 782267.20 MNT Million in the second quarter of 2020 from 619908.40 MNT Million in the first quarter of 2020.

Government Spending in Mongolia averaged 516442.85 MNT Million from 2010 until 2020, 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. Mongolia Government Spending - values, historical data and charts - was last updated on September of 2020.

Government Spending in Mongolia is expected to be 538382.00 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 865214.00 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
782267.20 619908.40 812407.70 244037.90 2010 - 2020 MNT Million Quarterly
Constant prices, 2010=100

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 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.