Standing Committee submits 2011 budget revise - News.MN

Standing Committee submits 2011 budget revise

Old News! Published on: 2011.10.28

Standing Committee submits 2011 budget revise

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Мөнгөнтамир
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The Standing Committee on Budget discussed 2011 budget revise in the third time on Thursday.

MP Ts.Sedvanchig blamed that 2011 budget revise has been worsened and its deficit has been increased more than 2011 budget deficit.

Finance Minister S.Bayartsogt agreed with Sedvanchig and explained that budget deficit has been increased along investment expenditure.

Ts.Batbayar said that MNT14 billion has been added to the budget revise to pay commercial banks loan that has been financed for activity improvement of Mongolian Stock Exchange. S.Bayartsogt stated that commercial banks have high interests of loan and the Government decided to repay loan to the commercial banks without delay.

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