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State budget amendment approved www.montsame.mn

Ulaanbaatar /MONTSAME/ At a plenary meeting of the Parliamentary Session on October 26, parliamentarians approved an amendment to the Law on State Budget 2017.

During the consideration, MP G.Temuulen said, “A certain amount of money was budgeted to add to the loan sources of fund to develop small and medium-sized enterprises. But it was taken out from the amendment. Instead, single-benefit grant worth MNT 300,000 to state servants each was decided to give. If the money for SMEs fund was remained, it would have been better. To ensure country’s interest, disbursement of state budget’s money must target on projects that are capable to gain. Resolving social issues of government workers by this way is absolutely wrong. The country will not prosper without any supports for SMEs.”

In response, Finance Minister Ch. Khurelbaatar explained, “In line of the financial arrangement with IMF, it was agreed to not raise wage over next years. That’s why the one-time grant is to be issued. Wages of the government workers have not been increased since 2014, but inflation is on the rise.”



Published Date:2017-10-27