Mongolian Customs Agency generated 1.2 trillion MNT in state revenue in the first half of 2018

The American Chamber of Commerce in Mongolia

2018-07-23 15:30 GMT+8

In the first half of 2018, the Mongolian Customs Agency generated 1.2 trillion MNT in state revenue. The figure represented a 71 percent increase compared to the  average of the past five years. Key drivers for the increase were value-added tax growth of 43.7 percent (192.1 billion MNT) and the customs duty growth of 42 percent (90.2 billion MNT). National Statistical Office analysts noted that GDP growth was 6.1 percent as of the end of June, due to favorable economic indicators.

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