PRESIDENT PUT VETO ON BUDGET LAW OF MONGOLIA Print E-mail
The State Great Khural adopts budget law of 2010 and it was presented to the President of Mongolia on December 4 2009.
President Elbegdorj put veto on it. He explains that “… the issue of allocation of 1 billion MNT for each electoral district of 76 MPs collided with the fundamental principles of the Constitution of Mongolia. He expressed his disfavor as quoting “… old and ill habit of the past, converted into different shape and covered with illusionary skin but with same purpose, was repeated.”

When putting veto, President Elbegdorj considers that the budget law of 2010 severely breached “a member of Parliament is the messenger of people of Mongolia and protects interest of its citizens and state”, 23.1 provision of Constitution of Mongolia, “… budget manager shall state investment type and size within his or her scope of work” provision 30.1.8 of Law on Management of the Budget Organization and “… not to insert construction project without its architectural drawing in the plan of the state budget investment” provision 15.2 of Law on Construction.
Therefore, once this amount is distributed in the General Budget Law of 2010, the whole law is subject to the immediate veto.
Source: www.business-mongolia.com
 
     

Top 30 Companies

Do you want to receive Mongolia financial news everyday?

Financial News


Receive HTML?

People views

Partners

Mongolia News

APIP Corporation | Mongolian Properties | Regency Residence | Mongolian Travel Guide | Mongolian Resorts | Mongolian Resorts Guesthouse
Ubdeli Restaurant | Oasis Nightclub | Altansan Securities | Moda Cashmere | Mining Mongolia | Central Asian Cement