Publication:
Mongolia Economic Update, November 2024: Sustaining the Gains - Special Focus : Distributional Impacts of Mongolia’s Fiscal System

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-12-16T19:52:24Z
dc.date.available2024-12-16T19:52:24Z
dc.date.issued2024-12-16
dc.description.abstractMongolia’s coal-driven economic growth since 2023 has elevated the country to upper-middle-income status (UMIC) in 2024. Real gross domestic product (GDP) growth has remained robust, driven by mining and transport services, despite a sharp contraction in the agriculture sector. On the demand side, domestic demand was a key driver of growth, while the contribution of net exports to economic growth turned negative despite strong export performance. Boosted by increased income and trade-related revenues, the fiscal balance remained in surplus despite sustained high spending. In addition, Mongolia should consider reforms to its fiscal system to enhance its effectiveness and efficiency in tackling poverty and income inequality. The special chapter of this MEU summarizes the findings from a forthcoming World Bank analysis (commitment to equity) on the distributional impacts of the Mongolia’s fiscal system in chapter 2. This analysis reveals that while the fiscal system – encompassing both taxation and transfers - has a marginal effect on reducing poverty, it exhibits strong broad-based redistributive effects.en
dc.identifierhttp://documents.worldbank.org/curated/en/099809211252426575/IDU12c0fb434188d214fb6197d51d6b25d4b7e2d
dc.identifier.doi10.1596/42544
dc.identifier.doihttps://doi.org/10.1596/42544
dc.identifier.urihttps://hdl.handle.net/10986/42544
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectGROSS DOMESTIC PROJECT (GDP)
dc.subjectFISCAL SYSTEM REFORMS
dc.subjectPOVERTY INEQUALITY
dc.titleMongolia Economic Update, November 2024en
dc.title.subtitleSustaining the Gains - Special Focus : Distributional Impacts of Mongolia’s Fiscal Systemen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2024-12-16
okr.date.doiregistration2025-04-14T11:48:57.208414Z
okr.date.lastmodified2024-12-06T00:00:00Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099809211252426575/IDU12c0fb434188d214fb6197d51d6b25d4b7e2d
okr.guid099809211252426575
okr.identifier.docmidIDU-2c0fb434-88d2-4fb6-97d5-d6b25d4b7e2d
okr.identifier.externaldocumentum34429596
okr.identifier.internaldocumentum34429596
okr.identifier.report195103
okr.import.id6052
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099809211252426575/pdf/IDU12c0fb434188d214fb6197d51d6b25d4b7e2d.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMongolia
okr.topicAgriculture::Agribusiness
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicAgriculture::Food Markets
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicPoverty Reduction::Poverty Reduction Strategies
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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