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 -1.00 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 -2.00 percent of GDP in 2020, according to our econometric models.

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Mongolia Government Budget

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


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.

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 8656661.70 7688794.10 10062542.40 13474.40 MNT Million [+]
Military Expenditure 90.00 83.00 121.80 30.20 USD Million [+]
Credit Rating 26.00 [+]
Government Spending 739948.60 547197.80 739948.60 244037.90 MNT Million [+]
Government Budget Value 484636.40 549723.50 1458869.50 -3667830.20 MNT Million [+]
Fiscal Expenditure 7264373.70 6326536.80 9519906.10 21398.70 MNT Million [+]