Government Spending in Mongolia decreased to 616331.80 MNT Million in the first quarter of 2021 from 978001.90 MNT Million in the fourth quarter of 2020. source: National Statistical Office of Mongolia

Government Spending in Mongolia averaged 532280.63 MNT Million from 2010 until 2021, reaching an all time high of 978001.90 MNT Million in the fourth quarter of 2020 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 August of 2021.

Government Spending in Mongolia is expected to be 833115.00 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 1041572.00 in 12 months time. In the long-term, the Mongolia Government Spending is projected to trend around 1104971.00 MNT Million in 2022 and 1171269.00 MNT Million in 2023, according to our econometric models.

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Mongolia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
616331.80 978001.90 978001.90 244037.90 2010 - 2021 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 of GDP [+]
Government Budget -11.50 0.90 6.40 -17.00 percent of GDP [+]
Government Revenues 7106131.10 5854143.20 11936637.60 13474.40 MNT Million [+]
Military Expenditure 107.00 100.00 128.90 32.00 USD Million [+]
Government Spending 616331.80 978001.90 978001.90 244037.90 MNT Million [+]
Government Budget Value -1069473.40 -866327.50 549723.50 -4539140.30 MNT Million [+]
Fiscal Expenditure 7498163.80 6172103.44 13960787.50 21398.70 MNT Million [+]
Credit Rating 28.00 [+]

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.