Mongolia: Background Paper

February 2, 1995

Summary

This Background Paper analyzes the social expenditures in Mongolia during the 1990s. The paper highlights that the share of social protection expenditure in total expenditure of the general government has been dropping since 1990, mainly as a result of reduced subsidies after price liberalization on consumer goods. The paper discusses that the share of pensions, education, and health expenditures remained approximately the same through 1993, but in real terms decreased considerably. The paper also examines the key features of the taxation system of Mongolia.

Subject: Bank deposits, Banking, Commercial banks, Credit, Currencies, Financial institutions, Foreign exchange, Monetary base, Money

Keywords: bank liquidity, Caribbean, central bank, Commercial banks, CR, Credit, Currencies, current balance, dollarization experience, foreign currency, GDP deflator, imports growth, interest rate, ISCR, medium of exchange, Monetary base, private sector, Southeast Asia, U.S. dollar, US$ mn.

Pages:
96
Volume:
1995
DOI:
https://doi.org/10.5089/9781451826746.002
Issue:
011
Series:
Country Report No. 1995/011
Stock No:
1MNGEA0011995
ISBN:
9781451826746
ISSN:
1934-7685

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Notes

This background paper on Mongolia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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