Ch. Khashchuluun, Chairman of the National
Development and Innovation Committee, has said the emphasis in their work plan
for economic development in 2011 is on optimal use of financial
resources by using local indices, the first time this will be done. Altogether
85 local development indicators have been identified, some of them in
the provinces and sub-provinces of a quite complex nature. Ministries have been
asked to coordinate the national plan with the regional development policy
whenever and wherever necessary.

This plan, Khashchuluun explained to
media, is not something that is necessarily a part of the budget or restricted
to it. Instead, it will use all national-level resources such as the budget,
the private sector, and foreign aid. Approximately MNT3 trillion will be
required for its implementation. He explained that economic revival after a
deep crisis needs large investment, and the process will be aided in 2011 by
increased investment in all electoral districts, which is normal practice in
any pre-election year. This will, however, not be a permanent feature of the
budget.  Apart from increasing deficits,
large government expenses also run the risk of marginalizing the private sector
which in Mongolia is too small to compete with government domination, he said.