Head of the Cabinet Secretariat S.Bayartsogt gave tasks to the management of ministries and agencies and introduced information regarding the present economic conditions of Mongolia during the online meeting “Responsibility, Inspection and Implementation”.

As stated by the Head of the Cabinet Secretariat, as of the first two months of this year there progress has been made in the recovery of the economy. He highlighted that the inflation rate has been decreased by 2.7 percent in comparison with the same period of last year, and that export reached 753.2 million USD and increased by 26.7 percent. Import was 462.4 million USD in 2014, which means that it has been decreased by 24.7 percent.

S.Bayartsogt told the officials, "The decrease of the inflation rate, profitable foreign trade, and seven percent growth in the economy is the results of the work of tax payers.Thus, we are working to create a legal environment to maintain the consumption of national products."

During the meeting, the Head of Cabinet Secretariat reminded officials that the management of the ministries should put attention on the organization of programs to address the economic crisis during the short term.

Of 27 objectives and 67 measures which are being offered through the program in the first half of the year, the Ministry of Finance and Development Bank of Mongolia will work together on 14 measures; the Ministry of Energy will focus on three; the Mining Ministry, Ministry of Industry and Trade, and State Property Commission will work together on two measures; and the Ministry of Foreign Affairs will take on one measure. S.Bayartsogt noted no terms for the implementation of these measures.

For projects dedicated to minimize spending from the state budget, it was decided that measures which have been implemented by the State Property Commission should be maintained by ministries and agencies.  

Forty vehicles have been taken from ministries and agencies following a decision by the State Property Commission to end the use of all vehicles that consume more than 16 liters of petroleum per 100 kilometers.