Macroeconomic indicators by April

GDP by production approach reached 2277.4 bln.tog at current price, 980.2 bln.tog at 2005 constant price in the first quarter of 2012, up by 30.2 percent at current price and 16.7 percent at constant price compared to the same period of the previous year.

The national consumer price index in April 2012, increased by 0.5 percent compared to the previous month, 8.2 percent compared to the beginning of the year, and 16.0 percent compared to same period of the previous year. The increase in national index compared to the previous month was mainly due to 0.7 percent increase in food and non-alcoholic beverages and 2.0 percent in clothing, footwear and cloth.

According to the report of the Bank of Mongolia, money supply (broad money or M2) at the end of April 2012, reached to 6362.9 bln.tog, increased by of 258.1 bln.tog or 4.2 percent compared to the previous month, and increased by 1012.4 bln.tog or 18.9 percent compared to same period of the previous year.

At the end of April 2012, currency issued in circulation reached 708.9 bln.tog, increased by 60.4 bln.tog or 9.3 percent compared to the previous month, and increased by 80.3 bln.tog or 12.8 percent compared to same period of the previous year.

Loans outstanding at the end of April 2012, amounted to 5936.0 bln.tog, up by 154.5 bln.tog or 2.7 percent compared to the previous month, and up by 1962.1 bln.tog or 49.4 percent compared to same period of the previous year.

Principals in arrears at the end of April 2012 reached 71.2 bln.tog, increased by 9.8 bln.tog or 16.0 percent compared to the previous month, decreased by 11.0 bln.tog or 13.4 percent compared to same period of the previous year.

At the end of April 2012, the non-performing loans over the bank system reached 316.6 bln.tog, showing decreases of 3.6 bln.tog or 1.1 percent compared to the previous month, of 64.9 bln.tog or 17.0 percent compared to same period of the previous year.

In April 2012, there were 21 trading days and 14.4 mln.shares valued at 4.1 bln.tog were traded. In the first 4 months of 2012, total equilibrated revenue and grants of the General Government Budget amounted to 1465.8 bln.tog and total expenditure and net lending amounted to 1513.8 bln.tog, representing deficit of 48.0 bln.tog in the equilibrated balance of General Government Budget.

Current revenue of the General Government Budget amounted to 1460.8 bln.tog and current expenditure reached 1231.9 bln.tog. Thus, the budget equilibrated current balance was in surplus of 229.0 bln.tog. 

Compared to same period of the previous year, tax revenue increased by 229.7 bln.tog or 21.5 percent. The increase was mainly due to the increases of 102.0 bln.tog or 27.5 percent in taxes on goods and services, 67.8 bln.tog or 55.9 percent in social security contribution, 35.1 bln.tog or 12.8 percent in income tax, 14.6 bln.tog or 6.9 percent in other taxes and 8.8 bln.tog or 9.9 percent in taxes on foreign trade.

Compared to same period of the previous year, non-tax revenue increased by 35.4 bln.tog or 28.3 percent. The increase was mainly due to the increases of 28.0 bln.tog or 48.8 percent in revenues from budget entities, 8.7 bln.tog or 89.4 percent in revenues from others, 3.7 bln.tog or 32.9 percent in revenues from interest, 3.2 bln.tog or 22.7 percent in revenues from oil petroleum and 1.9 bln.tog or 16.3 percent in navigation fee although there was decreases of 10.3 bln.tog or 50.1 percent in revenues from dividends.

In the first 4 months of 2012, total expenditure and net lending of the General Government Budget increased by 364.3 bln.tog or 31.7 percent to 1513.8 bln.tog compared to same period of the previous year. This was mainly due to increases of 129.9 bln.tog or 2.0 times in capital expenditure, 116.6 bln.tog or 27.7 percent in expenditure of goods and services, 93.1 bln.tog or 16.1 percent in subsidies and transfers, 16.9 bln.tog or 2.8 times in lending minus repayments and 7.7 bln.tog or 46.7 percent in interest payments.

In the first 4 months of 2012, spending of 255.4 bln.tog on capital expenditure increased by 129.9 bln.tog or 2.0 times compared to same period of the previous year. This was mainly due to increases of 125.8 bln.tog or 2.0 times in capital expenditure of domestic sources and 4.1 bln.tog or 2.3 times in foreign financed capital expenditure, compared to same period of the previous year.

In the first 4 months of 2012, Mongolia traded with 118 countries from all over the world and total external trade turnover reached 3373.1 mln.US dollars, of which exports made up 1292.4 mln.US dollars and imports made up 2080.6 mln.US dollars.

Foreign trade balance showed a deficit of 788.2 mln.US dollars in the first 4 months of 2012, reflecting 366.8 mln.US dollars or 87.0 percent increase compared to same period of the previous year. The foreign trade deficit in the first 4 months of 2012 was mainly caused by the fact that the import growth was higher by 20.1 points than the export growth.

Total external trade turnover increased by 626.2 mln.US dollars or 22.8 percent, of which imports up by 496.5 mln.US dollars or 31.3 percent, and exports up by 129.7 mln.US dollars or 11.2 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 98.3 percent of the total export value amount.

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