Mongolia's growth further slowed to 1.4 percent (y/y) in the first half. The budget deficit sharply widened in Jan.-July, and will likely reach over 18 percent of GDP in 2016. Corrective actions have been announced by the new government to curb the rising budget deficit, and further actions are needed to reduce the deficit and debt to sustainable levels. Monetary policy loosened due to significant monetization of government programs. The policy rate...
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INFORMACIÓN
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2016/09/01
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Resumen
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114968
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1
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1
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2017/06/12
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Disclosed
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Mongolia monthly economic brief (September 2016)
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budget deficit