Fiscal Balance in Mongolia

Mongolia Fiscal Balance | Economic News & Forecasts

Mongolia - Fiscal Balance

The economy registered a strong first quarter, thanks to skyrocketing investment and a surge in exports, both related to the ramp-up of the Oyu Tolgoi copper mine. Moreover, this robust momentum appears to have largely carried over into the second quarter. Indeed, industrial production continued to show healthy growth in April and May, while exports remained solid despite a slight dip in May. On 28 June, the IMF completed its Article IV mission in Mongolia. The Fund reported good progress on improving economic resilience, notably by greatly strengthening foreign reserves, improving the fiscal balance and reducing public debt. Nevertheless, the Fund also stated that buffers remained insufficient to face major external shocks, particularly a downturn in mineral prices.

Mongolia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.2  -3.9  -5.0  -15.3  -6.3  

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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 Rate2,660-0.04 %Jul 11

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