PARLIAMENT DISCUSSES SOME KEY DOCUMENTS

Ulaanbaatar, Mongolia /MONTSAME/ A plenary meeting of the parliamentary session on Thursday ran first discussions on the 2011 master budget performance of Mongolia and the 2011 master financial report of the government. The Auditor-General Ch.Radnaa presented results of the audit made into the financial report. It was criticized severely, for example, J.Batzandan and S.Ganbaatar MPs said "the report does not meet a reality", the Finance Minister Ch.Ulaan noticed that the Human Development Fund is in billion togrog debt, "and the investment financing has not been performed well," M.Zorigt MP added. The Auditor-General admitted these faults. After this, the president of the Bank of Mongolia N.Zoljargal delivered a report on a parliamentary draft resolution on adopting the 2013 basic guidelines of the fiscal policy. A conclusion on it was sounded by D.Ganbat MP, a head of the Standing committee on economics. A goal of keeping the inflation rate within eight per cent is reflected in these guidelines, but many MPs said this seems to be impossible. Then the gathered discussed other matters such as a guarantee for banking savings of people, gold price and its influence on economy. B.Khuder