Mongolia: Background Paper

International Monetary Fund

No 1995/011, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; U.S. dollar; central bank; foreign currency; interest rate; private sector; bank liquidity; medium of exchange; GDP deflator; Commercial banks; Monetary base; Currencies; Credit; US$ mn.; current balance; dollarization experience; imports growth; Southeast Asia; Caribbean (search for similar items in EconPapers)
Pages: 96
Date: 1995-02-02
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