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T.Ochirkhuu: We have to accept what the IMF says

Deputy Minister for Finance T.Ochirkhuu answers questions on
the state budget.

Is it possible to
agree to the IMF demand to keep the budget deficit within five percent of GDP?

We are still working on it. There is no other option but to accept
the

Government favors wide exemptions from VAT

The Government meeting on Wednesday approved the draft
amendment to the law on value-added tax. It will now be submitted to Parliament.  Minister for Finance S.Bayartsogt answers some
questions on the subject.

How many products will
the exemption cover?

First, of course, are wheat, vegetables,

Budget picture in Mongolia not yet clear, says World Bank official

Klaus Roland
of the World Bank was in Ulaanbaatar to attend a meeting on June 9 between the
Government of Mongolia and the Bank on the progress of major economic reforms.
He answers questions from our reporter.

You are the World Bank’s new country
director

Physics scholar returns from USA to become Foreign Minister’s advisor

Undraa
Agvaanluvsan, a visiting professor at the Center for
International Security and Cooperation (CISAC) in Stanford, has
returned home after being appointed advisor to Mongolia’s Minister of Foreign
Affairs and Trade, G. Zandanshatar. She will work on nuclear-related issues as
well as Northeast Asian security

Turkish President and Elbegdorj hold private meeting

Turkish
President Abdullah Gul and President Ts. Elbegdorj held a meeting on Wednesday
on the sidelines of the Conference on Interaction and Confidence Building
Measures in Asia (CICA) in Istanbul.  Both
leaders later said the meeting had been constructive.
Gul stressed that Turkey and

Elbegdorj in Tashkent for SCO meeting

President Ts. Elbegdorj arrived in Tashkent
from Istanbul yesterday to participate as observer at a meeting of the council
of heads of states of the Shanghai Cooperation Organization. The Prime Minister
of Uzbekistan, Shavkat Mirziyoyev, welcomed him at the airport.

The SCO summit will

Hakuho plans to grow Japanese rice in Mongolia

Hakuho is working on a project to cultivate
in Mongolia a strain of rice that grows in Hokkaido Island, where he lives and which
has climatic conditions similar to those here. He has already visited Mongolia with
officials from there to study the

Bitumen price rise halts road repairs

Deputy Mayor G.Munkhbaatar yesterday said the
city administration would take measures to keep prices of road materials
unchanged this year. He was addressing a meeting to discuss ways of carrying on
road works and proposed to organize another meeting at the Ministry of

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