Fiscal Balance in Mongolia
Mongolia - Fiscal BalanceAn ongoing surge in fixed investment buttressed by the Oyu Tolgoi mine expansion likely kept the economy on a solid footing in the third quarter and heading into the fourth. On the other hand, the external sector likely continued to detract from growth in Q3 as, despite a solid export performance, imports outpaced exports. On 31 October, Mongolia successfully completed the fifth review of its IMF assistance program, unlocking USD 36 million as the country made significant progress in addressing the objectives outlined in the Extended Fund Facility and even exceeded its fiscal performance targets.
Mongolia - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.2||-3.9||-5.0||-15.1||-6.2|
5 years of economic forecasts for more than 30 economic indicators.
Mongolia Fiscal Balance Chart
Source: National Statistical Office of Mongolia.
|Exchange Rate||2,638||-0.04 %||Dec 11|
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