Government Spending in Mongolia increased to 739948.60 MNT Million in the second quarter of 2019 from 547197.80 MNT Million in the first quarter of 2019. Government Spending in Mongolia averaged 498602.47 MNT Million from 2010 until 2019, reaching an all time high of 739948.60 MNT Million in the second quarter of 2019 and a record low of 244037.90 MNT Million in the third quarter of 2010.

Government Spending in Mongolia is expected to be 563067.00 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 786565.00 in 12 months time. In the long-term, the Mongolia Government Spending is projected to trend around 877925.00 MNT Million in 2020, according to our econometric models.

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Mongolia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
739948.60 547197.80 739948.60 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.

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 [+]