Parliament session ends with revising the Budget

Ulaanbaatar /MONTSAME/ At the afternoon meeting of September 9, the State Great Khural (Parliament) held third reading of the draft amendments to the Bills on 2016 Government Budget and 2016 Human Development and Social Insurance Funds’ Budgets. In the beginning, the head of the Standing Committee on Budget Ch.Khurelbaatar MP presented the conclusions. The standing committee backed the proposals, which set out the increase of state budget by MNT 3.9 billion, reduction of investment expenditure by MNT 65.0 billion and preserving the amounts of salaries, social care and benefits for public servants at the current level, as well as increase of operational expenses by MNT 61.6 billion in connection with the continuation of leather and hide sales benefits and the national scholarship programs. After commencing the fourth reading, the parliament members voted (94.4%) for adopting the bill on revising the government budget as a whole. With the expected increase in the Social Insurance Fund Revenue by MNT 530.4 million, the government budget deficit is reduced by MNT 51.0 billion, according to the Standing committee’s conclusions. After the decisions, the parliament’s irregular session ended.