Fiscal Balance in Mongolia
Mongolia - Fiscal BalanceEconomic growth slowed in the second quarter but remained strong. The slowdown was due to weaker fixed investment and export growth. Both private and government consumption growth, for their part, accelerated in Q2. In terms of industrial production, despite dipping in June, output was strong in Q2 across all three sectors: mining and quarrying; manufacturing; and electricity, thermal energy and water supply. In less positive news, however, development of the Oyu Tolgoi gold-copper mine’s underground copper extraction section, which could turn the mine into the world’s third largest source of copper, continues to face problems; in July, operator Rio Tinto warned of further delays and costs reaching up to USD 1.9 billion.
Mongolia - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.2||-3.9||-5.0||-15.3||-6.2|
5 years of economic forecasts for more than 30 economic indicators.
Mongolia Fiscal Balance Chart
Source: National Statistical Office of Mongolia.
|Exchange Rate||2,684||-0.04 %||Sep 04|
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