Fiscal Balance in Mongolia

Mongolia Fiscal Balance | Economic News & Forecasts

Mongolia - Fiscal Balance

An 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

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 Rate2,638-0.04 %Dec 11

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