Source: Montsame                            Date: 17 February, 2011

All the following figures released by the National Statistics Office are as they stood at the end of January, 2011, unless otherwise stated. Similarly, all comparisons are with figures at the end of January, 2010, unless otherwise stated.

Unemployment

The number of unemployed people registered at the Labor and Welfare Service Divisions in the provinces and the capital city stood at 38,300 at the end of January, an increase of 5.6 percent.

Consumer price index

The national consumer price index rose 3.0 percent over the previous month; and 13.8 percent over January last year. The increase was mainly due to a 6.3 percent increase in the price of food and non-alcoholic beverages.

Industrial output

Total industrial output increased by 2.7 percent at 2005 constant prices.

External trade

Turnover of trade with 90 countries reached USD556.8 million, a rise of 88.4 percent.  Imports rose 2.6 times, and exports 27.6 percent. The external trade balance showed a deficit of USD139.6 million, as against a USD31.5 million surplus in January 2010.

Budget, tax receipts

The General Government Budget showed a deficit of MNT27.3 billion. The current balance deficit was MNT9.2 billion. The wages and salaries bill rose 26.0 percent.

Tax revenue increased by 62.5 percent. VAT receipts rose 2.7 times, corporate income tax 2.5 times, excise tax 77.9 percent. The revenue from the windfall profit tax on some products fell 50.7 percent. Non-tax revenue increased 2.5 percent.

Social insurance

Of the total 75,100 people registered as insured at the end of January, 59.2 percent worked for government establishments, and the rest for the private sector.

The total amount of pension allocated from the social insurance fund was MNT 49.8 billion, of which retirement pension accounted for 73.7 percent, pension for disabled people 12.8 percent, breadwinner loss pension 7.7 percent, and military pension 5.8 percent. The recipients numbered

51,300, a decrease of 1.4 per cent, while the total amount paid increased by 62.4 percent. In addition, MNT49.2 billion were distributed to 2.3 million people from the Human Development Fund.

Share trade

There were 21 trading days at the Mongolian Stock Exchange, when 6.6 million shares valued at MNT5.2 billion were traded.