Last week, Mongolian parliament backed a proposal of creating two new Ministries and four agencies during discussion of 2022 State Budget. A total of MNT 41.6 billion is allocated for the new Ministries and agencies.

Following the discussion, a parliamentary group of Mongolian People’s Party has advocated establishment of new Ministries for Economy Development and Digital Development as well as four new agencies for E-Mongolia Academy, Discipline Committee, General Department of Education, Forest Research and Development.

The creation of the Ministry of Economy Development with 11 functions is expected to cost of MNT 4.3 billion from State Budget and the Ministry of Digital Development with nine functions is MNT 1.8 billion.

Separately, parliamentary group of ruling party backed a proposal of developing economic cooperation zone between Mongolia and China.