President Ts.Elbegdorj submitted his suggestions for the 2012 state budget to Parliament on Monday.

The President wrote to Speaker D.Demberel that the state budget has increased along with Mongolia’s economic growth, especially expansion in the mining sector. He wrote that the proposed 2012 budget reckons twice as much income as the 2011 budget, and that trend is expected to continue. But he says the country lacks the right development policy.

Ts.Elbegdorj noted that increasing state revenues must be managed beneficially, and financial policy, especially as it regards expenditures, must be reevaluated. He wrote that tax revenues should be spent on health and education programs
Specifically, a program to build more kindergartens needs to be implemented, he wrote, and the state should invest in public-private partnerships for large infrastructure and energy projects.

Also, new programs should be created and buildings constructed for improving the health, education, cultural resources, and social services of residents of the countryside, and new policies implemented to transfer policy- and decision-making authority to local settlements.

The president suggests:

To allocate investment of MNT 10 billion for a new State Supreme Court building.

To add MNT 370 million to the Science Technology Fund with the aim of implementing research projects and the publication of scholarly works relating to Mongolian studies.
 
To add MNT 150 million to the president’s budget for programs to reduce population density and increase local settlements’ budget authority.

To add MNT 1.9 billion for construction of a hostel at “Temuujin Urlug” secondary school, and to add MNT 500 million to the defense minister’s budget for improving the defense sector.

In 2012, to research the feasibility of constructing new soum center buildings to improve the health, education, cultural resources, and social services of residents of the countryside

To add MNT 3 billion to the education, culture and science minister’s budget with the aim of building kindergartens in cities and local settlements to implement a nationwide kindergarten program.

To add MNT 1.5 billion to the education, culture and science minister’s budget to prepare plans to build a new gallery, library, stadium, and sport complex.