Fiscal Balance in Mongolia
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 |
Mongolia Fiscal Balance Chart
Source: National Statistical Office of Mongolia.
Mongolia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2,633 | -0.04 % | Feb 14 |
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