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Mongolia allocates MNT 744.8 billion in science projects www.news.mn
The Ministry of Education and Science of Mongolia plans to finance 442 educational and science projects worth MNT 744.8 billion in 2024. The overall budget allocated to the education sector is MNT 4.2 trillion, 5 percent of the gross domestic product.
It is planned to build 142 schools, 149 kindergartens, and 40 dormitories in 2024 to expand education facilities. A total of MNT 330.5 billion will be allocated for 173 projects.
Some MNT 14.5 billion will be provided for teacher education scholarships, while MNT 6.9 billion will cover tuition fees for children of teachers and employees with at least 15 years of service, who will study in leading professions.
The Ministry will grant a six-month bonus to rural teachers for every five years of service (awarded every three years in the future), totaling MNT 105.3 billion.
And MNT 196.8 billion will be allocated to finance variable costs of vocational institutions. The “Lunch” program will be implemented for secondary school students with MNT 87.4 billion.
Published Date:2024-01-09
