Standing Committee approves two bond issues - News.MN

Standing Committee approves two bond issues

Old News! Published on: 2011.05.10

Standing Committee approves two bond issues

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Б.Амарбаясгалан
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The Standing Committee on the Budget today approved proposals to issue one set of bonds worth MNT55.5 billion to plug the budget deficit in 2011 and another worth MNT72 billion for long-term apartment loans to state officials and citizens. Ts.Sedvanchig criticized the latter proposal, saying this increases demand for apartments and allows construction companies to raise prices. He also said state officials get preference in loans and in their terms and urged that these be made the same for all.

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