
They said the allowance, along with the monthly MNT 21,000 allowance that each citizen receives from the state, will raise inflation and hurt the country’s economy. They said the allowances are an inefficient use of state resources and promote laziness.
The Government has decided to grant allowances to 160,000 students at a cost of about MNT 100 billion. The students at the press conference said that money should instead be used to create jobs, which would reduce poverty in the country. They said their research found that 22 percent of students will spend their allowance on transportation, 28 percent will save it.
The students said the allowances could push inflation up to 20 percent.