Statement by the Prime Minister of Mongolia www.bcmongolia.com
Prime Minister of Mongolia U.Khurelsukh issued a statement on March 26 at 15:00. Below is a summary of the Prime Minister's statement.
The coronavirus pandemic has been around the world for a quite some time. 531 thousand people are infected in 201 countries. Eleven cases of coronavirus infection have been reported in Mongolia. These patients are in stable condition.
As Prime Minister I am focusing on two principles. First, we will take all possible measures to protect the lives of Mongolian citizens. Human life and health must come first. Second, we are taking measures to overcome the challenges that the country's economy is facing. Today, the coronavirus is under control in Mongolia.
The fact that we are able to control the spread of coronavirus shows that the government is working effectively. Everything is under control, and we must be more responsible and accountable for what we do. It is important to note that public awareness and accountability have a significant impact on preventing the spread of the virus.
The government has decided to allocate MNT 159 billion in addition to the previously budgeted amount to provide the health sector and related organizations with necessary items. Subsequently, we are spending a total of MNT 200 billion to protect the health of our people.
We decided to take measures appropriate for the difficult economic situation. The following decisions have been made to support the private sector and the people."
Extraordinary Cabinet Decisions are as follows:
Effective 1 April 2020, all entities will be fully exempted from social insurance premiums for a period of six months.
Effective 1 April 2020, personal income tax will not be levied on citizens' salaries for six months.
Effective 1 April 2020, companies with an income of less than MNT 1.5 billion MNT be completely exempted from corporate income tax for six months. No tax will be charged until 1 October 2020.
Offer MNT 200,000 allowance per employee per month to entities that have retained their employees on payroll despite their weakening operations. This provision will remain in effect for 3 months.
Issue MNT 300 billion in loans at 3% interest to finance cashmere purchase from herders. The Government will be in charge of the loan.
Increase Child Money Program allowance by MNT 10,000 from MNT 20,000 to MNT 30,000 per month per child up to the age of 18.
Lower the price of gasoline by 300-400 tugriks per liter effective 15 April 2020.