Fiscal Balance in Mongolia

Mongolia Fiscal Balance | Economic News & Forecasts

Mongolia - Fiscal Balance

The economy appears to have posted a strong performance in 2018, according to preliminary annual data. Most notably, the government balanced its annual budget after logging considerable deficits in recent years, thanks to a nearly 30% jump in revenue amid strong commodity exports. Nevertheless, softening export momentum and consistently strong import growth may have caused the economy to decelerate in Q4, while likely also contributing to a worsening of the country’s current account balance. On the political front, parliamentary speaker Enkhbold Miyegombo and other members of parliament are currently embroiled in a corruption scandal and facing calls to resign, which could increase political instability.

Mongolia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.2  -3.9  -5.0  -15.1  -6.2  

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Mongolia Fiscal Balance Chart

Mongolia Fiscal
Note: Fiscal balance as % of GDP
Source: National Statistical Office of Mongolia.

Mongolia Facts

Exchange Rate2,633-0.04 %Feb 14

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