DRAFT FISCAL POLICY TO BE DISCUSSED BY PARLIAMENT

Ulaanbaatar, Mongolia /MONTSAME/ At its meeting on Wednesday, the parliamentary Standing committee on economics discussed a draft of basic guidelines of fiscal policy for 2013. The bill was presented by N.Zoljargal, the president of the Bank of Mongolia. The gathered decided to submit it to the plenary meeting of the parliamentary session for a consideration. The guidelines say, for example, that the inflation is to be kept at a low level, some eight percent to be reduced by 5-7 percent by 2014-2015; together with the cabinet, an influence of the supply-originated inflation is to be limited. B.Khuder