Mongolia macro economical indicatorsby Erdene Mongolia macro economical indicators The national consumer price index in April 2009 was up by 2.2 percent compared with previous month, reflecting 5.5 percent increase compared to the end of previous year and a 12.5 percent increase over the same month last year. The price of food and beverage group rose by 4.4 percent and alcoholic beverage, tobacco group by 2.0 percent over the previous month, which resulted in the 2.2 percent increase in the overall index compared to the previous month. According to the report of the Bank of Mongolia, money supply (broad money or M2) at the end of April 2009, expanded to 2400.6 bln.togrogs, which reflects an decrease of 12.7 bln.togrogs or 0.5 percent, over March 2009 and a decrease of 66.1 bln.togrogs, or 2.7 percent, compared to April 2008. Growth of quasi money is the main factor of an increase of 81.7 bln.togrogs or 3.5 percent in money supply from the beginning of 2009 and influenced mainly. At the end of April 2009, currency issued in circulation reached 355.6 bln.togrogs demonstrating a increase of 17.3 bln.togrogs, or 5.1 percent, compared to March 2009, and an increase of 11.5 bln.togrogs, or 3.3 percent compared to April 2008. Remainder of loans outstanding at the end of April 2009, amounted to 2580.2 bln.togrogs, a decrease of 91.5 bln.togrogs, or 3.4 percent, over the March 2009, and an increase of 143.7 bln.togrogs, or 5.9 percent, compared to April 2008. In April of 2009, there were 22 trading days and 15.6 mln.shares valued at 2.2 bln.togrogs were traded. Compared with March 2009, the number of shares traded increased by 14.9 mln.stocks or 22.0 times and the value of traded shares increased by 165.9 mln.togrogs or 8.3 percent. Compared to April 2008, the number of shares traded increased by 12.2 mln.stocks or 4.5 times and but value of traded stocks decreased by 1.5 bln.togrogs or 40.8 percent. Total revenue and grants of General Government budget amounted to 469.5 bln.togrogs and total expenditure and net lending 613.0 bln.togrogs representing a deficit of 143.5 bln.togrogs in the General Government budget overall balance. The higher deficit of 192.3 bln.togrogs against the same period of the previous year due to Government expenditure growth which was 27.8 percentage point higher than the total revenue growth. Current revenue of General Government amounted to 468.8 bln.togrogs and current expenditure reached 543.6 bln.togrogs. Thus, the budget current balance was in deficit of 74.8 bln.togrogs. Compared with the same period of previous year, tax revenue declined by 207.8 bln.togrogs or 35.0 percent. This was mainly due to decreases of 109.4 bln.togrogs or 91.8 percent in windfall tax, of 46.4 bln.togrogs or 45.6 percent in corporate income tax, of 18.9 bln.togrogs or 18.5 percent in value added tax. Non-tax revenue decreased by 3.9 bln.togrogs or 4.4 percent compared with the same period of previous year owing to a reduction of 8.3 bln.togrogs or 24.6 percent in revenues from state owned organizations. Compared with the same period of previous year, total expenditure and net lending the General Government budget reached 613.0 reflecting an decrease of 22.8 bln.togrogs and 3.6 percent. This was mainly due to decline by 12.1 bln.togrogs in subsidies and transfers and decrease by 21.1 bln.togrogs in other lending minus repayments. Spending of 53.3 bln.togrogs on capital expenditure in the first 4 months of 2009 was lower by 3.8 bln.togrogs, or 6.6 percent over the same period of last year. Decrease in capital expenditure was due to the 9.8 bln.togrogs in capital expenditure of internal sources. For the first quarter of 2009, quarterly GDP was 617.1 bln.togrogs at 2005 constant prices. Compared to the same period of the previous year that was decreased by 27.4 bln.togrogs or 4.2 percent. This was mainly due to a decline in industrial and construction sector output and decrease in net taxes on products. The first 4 months of 2009, our country traded with 87 countries from all over the world and total external trade turnover reached 981.9 mln.US dollars, of which exports made up 444.3 mln.US dollars, import 537.6 mln.US dollars. Compared with the same period of the previous year, total external trade turnover declined by 653.8 mln.US dollars, or 40.0 percent, of which exports by 326.8 mln.US dollars, or 42.4 percent, imports by 327.0 mln.US dollars, or 37.8 percent respectively. External trade balance in the first 4 months of 2009, showed a deficit of 93.3 mln.US dollar, a 0.2 mln.US dollar decrease compared with the same period of the previous year. Compare with the same period of the previous year, total export decreased by 42.4 percent or 326.8 mln, of which 68.8 percent or 224.7 mln. US dollar was due to value decrease and 31.2 percent or 102.1 mln. US dollars owing to volume decrease. Compared with the same period of the previous year, total export fell due to declines of 2.5 percent in the volume and 59.4 percent in value of copper concentrate and 57.1 percent in volume and 80.1 percent in value of zinc concentrate, and of 32.8 percent in volume and 35.8 percent in value of gold, in unwrought or semi-manufactured forms, respectively. Compare with the same period of the previous year, total import decreased by 37.8 percent or 327.0 mln, of which 6.5 percent or 21.3 mln. US dollar was due to value decrease and 93.5 percent or 305.7 mln. US dollars owing to volume decrease. Source: National Statistics Office of Mongolia |
