Salary and pension increases - News.MN

Salary and pension increases

Old News! Published on: 2012.03.07

Salary and pension increases

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Today’s plenary session of parliament approved amendments to the Budget law for 2012 and Law on Social insurance fund. An amendments will be effective since February 1, 2012. It means salary of state workers and pension for elderly people will increase since February 1. According to the previous decision salary and pension should be increase by stage- first beginning from February 1, second from May 1. By the amendments state budget expanded by Tg161.5 billion, social insurance fund by Tg13.9 billion.

Total budget income increased to Tg 6 trillion 3.6 billion, expenditure to Tg 6 trillion 467.7 billion and budget loss will 3 percent of GDP.

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