The state budget for 2015 is being discussed at the plenary session. Since the debt-ceiling was the main subject of controversy, Prime Minister Ch.Saikhanbileg said, “If we don’t want to raise our debt ceiling, we will move to another aid program and increase our debt in other ways. All decisions have a trade-off. The government cut the budget amendment by 900 billion MNT. If the State Great Khural thinks that further cuts are possible, there will be no objections. The government will not take out any more commercial loans. But there is no guarantee that the private sector will be investing. There are only two choices: whether to do nothing and increase the debt-ceiling, or do something and lower it.”
On the same matter J.Batsuur said, “I accept the fact that there are investment decisions that lead to immediate results, as well as there are unbearable circumstances that have to be endured.” L. Enkhamgalan added, “We need to change the way we think. Kindergartens and schools can continue without government financing but, by thinking out of box, there still can be a way for them to get the financing. Just next to the state's expensive financed schools and kindergartens there are cheap and high-quality ones that are being built by the private investors. Social welfare money for mothers of large families and child benefits, these are not cares and concerns. This is just a way to increase the population.” To which Ch.Khurelbaatar replied, “There is a solution to solving the problem without increasing the debt ceiling. If there is a desire, by making the brain work, there can be a way. If there is no way, then let the deputy ministers quit. It is difficult to give out the money for child benefits considering all the different categories.”
In response to Ch.Khurelbaatar’s criticism, Ch.Saikhanbileg said, “If you yourself have the desire and wish to use your head, then everything is open for collaboration. There is nothing about a tax increase. There was no word said about using a tax increase in order to get out of the crisis.” Regarding the debt increase Minister of Finance J.Erdenebat said, “Whether we cut the budget by 400 billion MNT, or we issue bonds. There is no other way.”