U.Enkhtuvshin, chairman of the MPP caucus in Parliament, told journalists on Tuesday that the caucus is pleased with a 2012 budget proposal that projects the economy will grow by 25.6 percent and per capita GDP will reach USD 5,362.

The proposal also increases investments by 4.2 times to MNT 1.5 trillion. The projected deficit of MNT 740 billion is less than the 2011 budget deficit.

U.Enkhtuvshin said the 2012 budget is directed toward human development. MNT 1.2 trillion is allocated to salary increases and MNT 700 billion to pension increases. Also, an estimated 334,000 women over 55, men over 60, and disabled people will each receive a onetime cash payment of MNT 1 million from the Human Development Fund. MNT 83 billion is allocated for tuition fees, and 100,000 citizens will receive a MNT1 million payment for housing.

The Government plans to give computers to secondary school teachers and 12,000 tractors to farmers. It also plans to build roads connecting all aimags centers.
U.Enkhtuvshin added that a meeting of the MPP’s managing council is being held on Wednesday.