ECONOMIC COUNCIL: WE WILL FOCUS ON AUGMENTING GDP TO 20 BILLION US DOLLARS

Ulaanbaatar /MONTSAME/ The Economic Council will focus on raising the national GDP to USD 20 by paying attention to the property right and tax matters, its secretary B.Byambasaikhan said during a press conference on Monday. Chaired by the Prime Minister, the Economic Council has been set up with 30 members, and 18 of them are from the private sector and business field. This council will give a report every Monday in frames of the 100-day works for intensifying the economy, Byambasaikhan said. “Every Tuesday and Thursday, the council will meet to discuss new ideas and innovations, and related recommendations will be submitted to the Premier. As of today, the country’s GDP is about 10 billion USD dollars. In the first turn, the council intends to touch upon the tax issue, which is the basis of economy, and the ’11 11’ center has begun to receive views on this matter from the public,” Byambasaikhan said. During the press conference, the Economic Council also made a presentation about the Khotol-based “Cement-lime” company which was put into use last week. This factory will produce one million tons of cement which is equivalent to 50% of the total consumption of Mongolia.