Minister of Finance Ch. Khurelbaatar reported that 2018 state budget revenue reached over 10 trillion MNT, with a surplus of 12 billion MNT, the state's first profitable year since 2010. The nation's credit rating upgrade and effective spending of state funds positively affected the budget. State budget revenue was 2 trillion MNT higher than expected, with 670 billion MNT generated by the mining industry. The minister noted the debt to gross domestic product ratio dropped to 60.9 percent, and the government plans to bring it to 40 percent to minimize debt pressure. The minister noted the importance of increasing exports in terms of volume and variety to stabilize economic growth and balance the MNT exchange rate.
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