Mongolian parliament approves revised Law on Natural Resources - News.MN

Mongolian parliament approves revised Law on Natural Resources

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2019/12/15

Dollar (USD)

2533.95

Ulaanbaatar

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Mongolian parliament approves revised Law on Natural Resources

The Constitutional Court of Mongolia has revoked some articles of the Law on Natural Resources which have resulted in the loss of MNT 1.3 trillion revenue to the 2020 State Budget, reported Finance Minister Ch.Khurelbaatar. Earlier today, the Mongolian parliament approved a revised Law on Natural Resources.

According to Ch.Khurelbaatar, Mongolia has lost MNT 4.6 billion each day due to the suspension of the Law on Natural Resources. As of 15 November, the total loss of revenue reached MNT 69.6 billion; this has hindered implementation of the 2019 State Budget Law.

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