The Standing Committee on the Budget yesterday discussed draft outlines of economic and social development in 2012. D.Zorigt criticized the allotment of only MNT15 billion to construct new roads in the capital city, when MNT123 billion was to be spent on similar programs in the provinces, and when MNT38 billion has been allocated to repair and renovate Embassy buildings.

Minister for Finance S.Bayartsogt explained that the budgetary allocation was small as road construction in Ulaanbaatar would be financed from other sources, including MNT150 billion from the Development Bank, and MNT255 million from a Chinese soft loan of USD500 million.