The new draft of the “State Budget Law”, which has been presented by the Finance Minister and is being accepted by the Government, includes cutting the number of deputy ministers. Also, according to the draft bill, some Governmental agencies will be merged whilst others will be axed. Finance Minister, B.Bolor said that “in this way, Mongolia can reduce the State budget deficit by MNT 1.2-1.3 trillion”.

According to the law, the Government presents the draft bills are expected to come into force next year, but fall under the State Budget of 1st October. In addition, tomorrow, the clarifications of the current State Budget will be presented to the Parliament.