1 WILL CORONAVIRUS MAKE FLYING MORE EXPENSIVE? WWW.BBC.COM PUBLISHED:2020/05/29      2 4 BOYS DROWN IN WATER-FILLED HOLE IN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2020/05/29      3 CHINA TO LAUNCH DIGITAL YUAN NEXT YEAR TO REPLACE CASH WWW.RT.COM PUBLISHED:2020/05/29      4 MONGOLIA REPORTS 13 NEW COVID-19 CASES WWW.XINHUANET.COM PUBLISHED:2020/05/29      5 ULAANBAATAR ENTERS STARTUPBLINK RANKING FOR THE FIRST TIME WWW.MONTSAME.MN PUBLISHED:2020/05/29      6 RECYCLING CENTERS AND PLANTS MARKED ON MAP WWW.MONTSAME.MN PUBLISHED:2020/05/29      7 MONGOLIA AND KAZAKHSTAN TO SWAP NATIONALS WITH CHARTER FLIGHT WWW.NEWS.MN PUBLISHED:2020/05/29      8 MONGOLIA TIGHTENS CONTROL OVER DIPLOMATIC TRAVEL WWW.NEWS.MN PUBLISHED:2020/05/29      9 "MONGOLIA RANKS 2ND IN PERCENTAGE OF POPULATION REPATRIATED FROM ABROAD" WWW.MONTSAME.MN PUBLISHED:2020/05/28      10 SOCIAL MEDIA AND PUBLIC DISCOURSE IN MONGOLIA WWW.FES-ASIA.ORG PUBLISHED:2020/05/28      МБМҮХ: ЦАР ТАХЛЫН НӨЛӨӨНӨӨС БОЛЖ ИМПОРТЫН БАРИЛГЫН МАТЕРИАЛЫН ТҮҮХИЙ ЭД ЭРС БУУРСАН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2020/05/28     ББСБ-УУДЫГ ЗЭЭЛИЙН ХЭМЖЭЭ 2020 ОНЫ I УЛИРАЛД 30.9 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2020/05/28     ПЕТРОВИС ГРУПП КОМПАНИЙН НИК, ПЕТРОСТАР КОМПАНИУД ТОП 100 ААН-Д ДАХИН ШАЛГАРЛАА WWW.IKON.MN НИЙТЭЛСЭН:2020/05/28     ХУВИЙН СУРГУУЛЬ, ЦЭЦЭРЛЭГҮҮДЭД НИЙТ 50.2 ТЭРБУМ ТӨГРӨГИЙН ХУВЬСАХ ЗАРДАЛ ОЛГОХООР БОЛЛОО WWW.IKON.MN  НИЙТЭЛСЭН:2020/05/28     ИРЭХ САРААС ХЭРЭГЖИЖ ЭХЛЭХ ОУВС-ГИЙН ХӨТӨЛБӨРИЙН ХҮРЭЭНД МОНГОЛ УЛСАД 99 САЯ АМ.ДОЛЛАРЫН САНХҮҮЖИЛТ ОРЖ ИРНЭ WWW.IKON.MN НИЙТЭЛСЭН:2020/05/28     ЗЭСИЙН ҮНЭ ӨСӨЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2020/05/28     АЛТАНБУЛАГ БООМТООР 570 ОЮУТАН ЭХ ОРОНДОО ИРЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/05/28     ИПОТЕКИЙН ЗЭЭЛИЙГ 240 ТЭРБУМАР САНХҮҮЖҮҮЛНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/05/28     ОУВС-ГИЙН АЖЛЫН ХЭСГИЙНХЭНТЭЙ ЦАХИМ УУЛЗАЛТ ХИЙЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/05/27     НҮБ-ЫН ХӨГЖЛИЙН ХӨТӨЛБӨРӨӨС МОНГОЛ УЛСАД ЦАР ТАХАЛТАЙ ТЭМЦЭХЭД 200 МЯНГАН АМ.ДОЛЛАРЫН ДЭМЖЛЭГ ҮЗҮҮЛНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/05/27    

Experts warn of pre-election year impact on improving economy www.zgm.mn

Public investment expenses almost tripled compared to the previous years to MNT 1.2 trillion. As a reminder, the economic growth slowed down during the three previous parliamentary elections and the MNT rate declined sharply. Thereby, analysts are being cautious towards the election that could potentially change the economic and business environment and the fiscal discipline that is currently improving.

Since 2012, the volume of the economy has expanded and the budget revenue outreached the trillion mark. As a result of mega projects in the mining industry, such as Oyu Tolgoi, Mongolia's economy has developed its basic structure. Also, public expenditures, revenues, and investments have improved from the 1990s. The amount of capital that is being allocated from the budget to rural administrations is reaching billions of MNT. As a result, companies' investment in the public sector such as schools, kindergartens, hospitals, and road bidding are becoming more competitive.

However, some of the taxpayers' money is being wasted in the name of financial investment. In particular, the construction costs have exceeded budget allocation over the years. Many of the buildings, roads, and bridges that have not been completed after the election still remain as carcasses. Construction costs have been increased 2-5 times.

According to a survey conducted by the Open Society Forum, the Government budgeted MNT 2.5 trillion to finance 887 projects, activities, and constructions in 2019.

In general, major maintenances burden the budget. A total of MNT 84.9 billion has been planned for 75 major maintenance works this year. The maintenance budget is mainly expected to contribute to the transport sector.

Mongolia is expected to purchase 42 new equipment worth MNT 102.4 billion this year. If the MNT rate falls, this figure will rise. Analysts believe that budget management is deriving and that it is time to estimate the socio-economic efficiency of the budget.



Published Date:2019-04-19