logo
BDSEC JSC
Mongolia’s largest Broker

Client Service: /Overseas/ 
(976)
(976)
11 313108
11 323411
 
 
Economic situation of Mongolia /1st month/

5437811692030872k.jpgConsumer price index

Compared with the previous month, the national consumer price index increased 2.3 per cent, against the previous year - by 5.7 per cent,respectively.
The national aggregate index of food and non-alcoholic beverages group increased by 4.6 per cent, and 1.6 per cent in housing, water, electricity and fuels group which was major contribution to the increase in the overall index by 2.3 per cent, against December 2009. Therefore, the prices of alcoholic beverages and tobacco group increased by 0.2 per cent, the prices of clothing, foot wear and clothes group by 0.9 per cent, the prices of furnishings, household goods group by 0.4 per cent, the prices of communication group by 0.3 per cent, of recreation and culture group by 0.1 per cent, of restaurants and hotels group by 3.4 per cent.

The prices of health group decreased by 0.3 per cent, the prices of transport, education, miscellaneous goods and service groups were stable. In January 2010, against the previous month, the consumer price index decreased by 0.2 per cent in Arkhangai aimag, in a range of 0.2-5.7 per cent increased in remaining 20 aimags and Ulaanbaatar.

General government budget

In January of 2010, the total revenue and grants of the General Government budget amounted to 154.7 bln.togrogs and total expenditure and the net lending were 220.1 bln.togrogs representing a deficit of 65.5 bln.togrogs in the General Government budget overall balance.

The higher deficit by 36.7 bln.togrogs against the same period of the previous year was due to total revenue increase, which was by 11.1 point lower than the total expenditure increase. The current revenue of the General Government budget amounted to 140.0 bln.togrogs and the current expenditure reached 207.7 bln.togrogs. Thus, the budget current balance was in deficit of 67.7 bln.togrogs.

Compared with the same period of the previous year, the tax revenue increased 49.4 bln.togrogs or 64.8 percent. This was mainly due to increases of 26.2 bln.togrogs in windfall tax revenue, of 8.2 bln.togrogs or 66.7 percent in social security contributions, of 10.4 bln.togrogs or 6.1 times in royalty, of 2.4 bln.togrogs or 9.9 percent in value added tax.

Compared with the same period of the previous year, the non-tax revenue increased by 6.9 bln.togrogs or 92.4 percent. This was mainly due to increase of 2.5 bln.togrogs or 6.1 times in navigation revenue, of 3.2 bln.togrogs or 78.3 percent in revenues from budget entities.
Compared with the same period of the previous year, the total expenditure and the net lending of the General Government budget reached 220.1 bln.togrogs increasing 107.6 bln.togrogs. This was mainly due to increase of 5.5 bln.togrogs or 14.2 percent in wages and salaries and 93.2 bln.togrogs or 3 times in subsidies and transfers, in January 2010.

In January 2010, spending of 10.4 bln.togrogs on capital expenditure was higher by 0.9 bln.togrogs or 10.0 percent over the same period of the previous year. Increase in capital expenditure was due to the increase of 1.0 bln.togrogs or 10.4 percent in domestic sources of the capital expenditure.

External  trade

For the first month of 2010, Mongolia traded with 70 countries from all over the world and total external trade turnover reached 295.5 mln.US dollars, of which export made up 163.5 mln.US dollars and import did 132.0 mln.US dollars.

The total external trade balance turned a surplus of 31.5 mln.US dollars. The surplus decreased 19.4 mln.US dollars, or 38.1 percent compared with the same period of the previous year.

Compared with the same period of the previous year, total external trade turnover increased by 5.6 mln.US dollars, or 1.9 percent, of which import by 12.5 mln.US dollars, or 10.4 percent, but export decreased by 6.9 mln.US dollars, or 4.0 percent.

Compared with the same period of the previous year, the total export fell due to declines of 90.5 percent in volume and 89.3 percent in value of gold, in unwrought or semi-manufactured forms.

Mongolbank reports

According to the report of the Bank of Mongolia, at the end of January 2010 the money supply (broad money or M2) expanded to 2871.0 bln.togrogs which reflects the decrease of 9.0 bln.togrogs or 0.3 percent over the December 2009, and an increase of 669.8 bln.togrogs or 30.4 percent compared with January 2009.

At the end of January 2010, the currency issued in circulation reached 350.8 bln.togrogs, decreasing 21.0 bln.togrogs or 5.6 percent against December 2009 and increasing 4.2 bln.togrogs or 1.2 percent against January 2009.

The amount of loans outstanding at the end of January 2010 was 2,674.4 bln.togrogs, hence an increase of 19.4 bln.togrogs or 0.7 percent compared with December 2009, by 2.5 bln.togrogs or 0.1 percent compared with January 2009, respectively.
Meanwhile, principals in arrears increased 0.7 bln.togrogs or 0.6 percent over the December of 2009, reaching 122.5 bln.togrogs which was 4.6 percent of total loans outstanding, and decreasing by 2.3 bln.togrogs or 1.0 percent against January 2009.

The amount of non-performing loans reached 458.2 bln.togrogs, which was 17.1 percent of the total loans outstanding, and it decreased 3.8 bln.togrogs or 0.8 percent over the December of 2009, and increased by 262.0 bln.togrogs or 2.3 times against January 2009.

 
Real Time Stock Market Quotes
  Market summary
Index
value Change Date
BDS
2906.99 7.64% 2010-09-03
TOP20
15040.00 2.48% 2010-09-08
Stock Market Information
  • Standard
  • Non-standard
Symb Volume Close Change
HGN
6221
155
-1%
GTB
6140
95
-1%
OLL
6010
111
-1%
APU
4352
1860
-3%
SHG
2969
13000
4%
NKT
1724
290
-2%
BAN
1176
7000
-7%
GOV
700
5599
0%
UID
689
435
-3%
MSH
300
350
-13%
BDS
194
2500
0%
ТСК
178
3150
11%
TTL
106
670000
12%
МСН
77
3950
-1%
ММХ
41
1300
-7%
ULN
27
26500
0%
HBO
10
180
13%
MSE | 2010-09-08
Exchange Rate

Metal Ask Bid
749.60
834.55
53,289.85
53,374.79
Date : 2010-09-08
Petrol Ask Bid
1420
0
1350
0
1280
0
1280
0
1160
0
Date : 2010-08-06
user name:
password:




Copyright © 1991- 2010"BDSEC" JSC.
All rights reserved. Developed by Elastic Solution Co.,Ltd