Macroeconomic Indicators by March

The national consumer price index in March 2012, increased by 2.2 percent compared to the previous month, 7.6 percent compared to the beginning of the year, and 15.3 percent compared to same period of the previous year. The increase in national index compared to the previous month was mainly due to 6.7 percent increase in food and non-alcoholic beverages.

According to the report of the Bank of Mongolia, money supply (broad money or M2) at the end of March 2012, reached to 6114.8 bln.tog, decreased by of 122.8 bln.tog or 2.0 percent compared to the previous month, and increased by 1159.7 bln.tog or 23.4 percent compared to same period of the previous year.

At the end of March 2012, currency issued in circulation reached 648.5 bln.tog, decreased by 25.3 bln.tog or 3.8 percent compared to the previous month, and increased by 117.3 bln.tog or 22.1 percent compared to same period of the previous year.

Loans outstanding at the end of March 2012, amounted to 5781.5 bln.tog, up by 75.3 bln.tog or 1.3 percent compared to the previous month, and up by 2050.7 bln.tog or 55.0 percent compared to same period of the previous year.

Principals in arrears at the end of March 2012 reached 61.4 bln.tog, increased by 0.2 bln.tog or 0.3 percent compared to the previous month, decreased by 19.1 bln.tog or 23.7 percent compared to same period of the previous year.

At the end of March 2012, the non-performing loans over the bank system reached 320.2 bln.tog, showing decreases of 3.1 bln.tog or 1.0 percent compared to the previous month, of 51.9 bln.tog or 13.9 percent compared to same period of the previous year.

In March 2012, there were 21 trading days and 4.5 mln.shares valued at 3.0 bln.tog were traded. In the first quarter of 2012, total equilibrated revenue and grants of the General Government Budget amounted to 1048.8 bln.tog and total expenditure and net lending amounted to 1104.8 bln.tog, representing deficit of 56.0 bln.tog in the equilibrated balance of General Government Budget.

Current revenue of the General Government Budget amounted to 1045.3 bln.tog and current expenditure reached 862.5 bln.tog. Thus, the budget equilibrated current balance was in surplus of 182.8 bln.tog.

Compared to same period of the previous year, tax revenue increased by 136.7 bln.tog or 17.1 percent. The increase was mainly due to the increases of 79.0 bln.tog or 30.3 percent in taxes on goods and services, 36.7 bln.tog or 38.1 percent in social security contribution, 14.3 bln.tog or 6.9 percent in Income tax and 10.4 bln.tog or 17.0 percent in taxes on foreign trade although there was decreases of 4.7 bln.tog or 2.7 percent in other taxes.

Compared to same period of the previous year, non-tax revenue increased by 5.8 bln.tog or 5.7 percent. The increase was mainly due to the increases of 7.6 bln.tog or 2.3 times in revenues from others, 4.3 bln.tog or 61.2 percent in revenues from oil petroleum, 2.4 bln.tog or 30.2 percent in revenues from interest and 1.4 bln.tog or 16.2 percent in navigation fee although there was decreases of 5.3 bln.tog or 9.1 percent in revenues from budget entities and 4.8 bln.tog or 32.1 percent in revenues from dividends.

In the first quarter of 2012, total expenditure and net lending of the General Government Budget increased by 283.3 bln.tog or 34.5 percent to 1104.8 bln.tog compared to same period of the previous year. This was mainly due to increases of 144.3 bln.tog or 3.0 times in capital expenditure, 77.5 bln.tog or 25.1 percent in expenditure of goods and services, 37.9 bln.tog or 9.1 percent in subsidies and transfers, 16.4 bln.tog or 3.0 times in lending minus repayments and 7.4 bln.tog or 55.3 percent in interest payments.

In the first quarter of 2012, spending of 217.8 bln.tog on capital expenditure increased by 144.3 bln.tog or 3.0 times compared to same period of the previous year. This was mainly due to increases of 135.9 bln.tog or 2.9 times in capital expenditure of domestic sources and 8.4 bln.tog or 5.0 times in foreign financed capital expenditure, compared to same period of the previous year.

In the first quarter of 2012, Mongolia traded with 113 countries from all over the world and total external trade turnover reached 2341.7 mln.US dollars, of which exports made up 883.8 mln.US dollars and imports made up 1457.9 mln.US dollars.

External trade balance showed a deficit of 164.7 mln.US dollars in March 2012, while it was in deficit of 145.9 mln.US dollars in March 2011. Compared to same period of the previous year, deficit increased by 18.8 mln.US dollars or 12.9 percent.

Total external trade turnover increased by 511.7 mln.US dollars or 28.0 percent, of which imports up by 370.1 mln.US dollars or 34.0 percent, and exports up by 141.7 mln.US dollars or 19.1 percent, compared to same period of the previous year.

Mineral products, natural or cultured stones, precious metal, jewelry, coins, raw & processed hides, skins, fur & articles, animal origin products, textile articles and auto & air transport vehicles & their spare parts thereof accounted for 98.0 percent of the total export value amount.

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