Plenary meeting of parliamentary session running

Ulaanbaatar /MONTSAME/ Afternoon plenary meeting of the parliamentary session on Tuesday began to discuss the 2016 budget frameworks and a draft amendment to the law on the 2017-2018 budget assumption. By the law on the budget assumption, the economic growth of Mongolia will reach 4.1% of the GDP in 2016. Ch.Khurelbaatar opposed this assumption, claiming it has been made poorly. "The budget of Mongolia could have a deficit of one trillion Togrog," he said. The session also ran a first discussion of a draft resolution of parliament on approving basic guidelines for the 2016 state fiscal policy, and decided to convey obligations to the Bank of Mongolia and the government to reduce the credit interest by 1-3% within the fiscal policy.