Earlier today (4 December), Ulaanbaatar City Council approved the budget for 2018. At its second irregular meeting, the council discussed the bill for the 2018 city budget, along with a plan for land utilization and privatisation to be undertaken next year.
According to the budget, the city’s income in 2018 is expected to be MNT 800 billion 356 million; this represents an increase of 11.3 percent on the previous year. Direct spending will be MNT 342 billion and UB city will contribute MNT 208 billion to the State Budget.