Source: Montsame                    Date: 12 August, 2010

The National Statistics Office has released the following data:

Share trading

Some 2.3 million shares valued at MNT3.1 billion were traded at the Mongolian Stock Exchange in the 20 trading days in July.

Government budget, tax collection

The General Government Budget (GGB) showed a deficit of MNT129.4 billion at the end of the first seven months of 2010, MNT152.2 billion less than in the same period last year. The current account, however, showed a surplus of MNT198.5 billion.

Tax revenue increased 65.5 percent, with a 330 percent rise in windfall profit tax receipts, 230 percent rise in corporate income tax and 629 percent rise in value added tax.

Foreign trade

Total turnover of trade with 120 countries in the first seven months of the year reached USD 3,207.7 million, 59.7 percent more than in the same period last year. Exports rose 66.8 percent and imports 53.6 percent, with the deficit of USD130.7 million standing 20.3 percent below the corresponding figure in 2009.

Consumer price index

The national consumer price index dropped 2.8 percent in July against June, but was 8.3 percent more than at the end of 2009 and 9.8 percent more year-over-year. The fall during the month was mainly due to a 6.5 percent decrease in the price of food and non-alcoholic beverages.

Industrial output

Total industrial output in the first seven months of 2010 rose 15.9 percent (at 2005 constant prices) over that in the same period last year.

Unemployment

The number of active job hunters, as registered at the Labor and Welfare Service Divisions in the provinces and in Ulaanbaatar, reached 39,176 at the end of July, falling 3.7 per cent against the figure for 2009.

Social insurance and allowances

Of the total 501,400 employees covered by social insurance at the end of July, 40.7 percent worked for the government and the rest for private establishments. The total amount disbursed as pension was MNT194.1 billion, of which retirement pension accounted for 73.0 percent, disability pension for 12.9 percent, breadwinner loss pension for 7.3 percent, and military pension for 6.8 percent.

MNT14.6 billion was paid in social welfare allowances to 55,700 people, 4.7 per cent more than on 2009, with the amount rising 0.7 per cent. MNT174.7 billion has so far this year been given to 2.5 million people from the Human Development Fund.