Economy News
QUARANTINE TO LAST FOR ANOTHER 14 DAYS Print E-mail
The Government decided to prolong the emergency period for another two weeks yesterday amid H1N1 flu virus infections. Vice PM M.Enkhbold said some of the restrictions will be lifted.


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PARLIAMENT APPROVES HUMAN DEVELOPMENT FUND LAW Print E-mail
The Parliament approved the Human Development Fund Law yesterday. After the meeting MPRP and DP groups in the Parliament made a press conference. Head of the DP group Ch.Saikhanbileg, MPRP group head G.Zandanshatar, and leaders of working groups established by the groups D.Zorigt and Ch.Khurelbaatar gave information about the discussion.

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MONGOLIA’S MONTHLY ECONOMIC UPDATE Print E-mail
World Bank’s seventh monthly economic update report was released last Friday. Following is highlighted excerpts from the report.



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“HUTUL CEMENT AND LIME” JSC WILL BE PRIVATIZED Print E-mail
Six state-owned factories and businesses were planned to be privatized in the General Budget Prognosis of 2010. More clearly, “Autoimpex” JSC is for ₮900 million, “MongolBolgarGeo” JSC for ₮500 million, “Mongol Shuudan” (Mongolian Post) JSC for ₮1,500 million and “Hutul Cement and Lime” JSC for ₮12,500 million, “Asgat” JSC for ₮50 million, “Gadaadad Ajillah Huch Ilgeeh Tuv” (Center for sending labourforce to abroad) for ₮200 million. Their total is ₮15.6 billion.
Source: www.news.mn


 
MONGOLIAN GENERAL BUDGET OF 2010 UPDATE (1) Print E-mail
According to the Mongolian General Budget Projection in 2010, budget income is ₮2,306.0 billion, expense is ₮2,664.6 billion and total deficit is ₮358.6 billion, equal to 5% of GDP. Budget total deficit is ₮433.7 billion. This deficit is planned to be covered within the program “Standby”, ₮92.2 billion from donors, ₮109.2 billion from foreign loan and project loan, ₮141.5 billion from Mongolia Development Fund (remaining of a fund for eliminating the critical situation due to force majeur effects). 
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