environment, capacity constraints

Economic growth in 2024 was fuelled by significant expansion on the demand side. With relatively favourable conditions for commodity exports and a positive outlook of the near future, the state budget revenue and grants increased by 28.7 per cent from 2023, reaching a historic high of 31.4 trillion Mongolian togrog (US$9.1 billion). Budget expenditure expanded by 34.9 per cent, reaching another historic high of 30.4 trillion Mongolian togrog (US$8.8 billion). Private consumption and investment also rose by 27.8 per cent and 26.8 per cent respectively in the first three quarters of 2024. Inflation remained within the central bank’s target range, averaging 6.6 per cent in 2024. This was despite ongoing uncertainties in the external environment, capacity constraints in energy, transport and logistics sectors, significant demand-side expansion and negative supply shocks in animal husbandry. สล็อตเว็บตรง