The Standing Committee on Economics discussed the income and expenditures of the Treasury Fund of 2011 on Tuesday.

The main topic of discussion was the fact that Mongol Bank ran a deficit of MNT 145 billion in 2010. Committee members said that managing officials of the bank should take responsible measures for dealing with the deficit, and they suggested amending the law on the central bank.

Mongol Bank President L.Purevdorj stated that the bank will refund the deficit by the end of this year.