D.Khayankhyarvaa, the head of the Standing Committee on Budget; D.Gankhuyag, the head of the DP’s budget working group; Su.Batbold, the head of the MPP’s budget working group; and MP N.Batbayar spoke with journalists on Thursday about the recently passed 2012 state budget.

The officials noted that the budget process was time consuming because of the impending election and the fact that this is the final year of this Parliament.

They said the budget has revenues of MNT 5.822 billion and expenditures of MNT 6.306 billion. GDP has been projected at MNT 16.1 trillion.

The MPs added that the budget could still be changed if a global financial crisis occurs in 2012.

D.Khayankhyarvaa said the budget takes into account state development. He added that tugrug rates could increase in 2012, and citizens’ salaries could go up by USD 1,000.

D.Gankhuyag said the state has too many employees, with the figure somewhere between 215,000 and 216,000.

Su.Batbold stated that the budget is increasing in accordance with economic growth.

N.Batbayar said that budget expenditures were cut by 13 percent from the first proposal. He added that the state will distribute shares worth MNT 1 million to citizens by February 1, 2012.