BENEFITS OF MINING OUTCOME TO BE DELIVERED EQUALLY

Ulaanbaatar /MONTSAME/ A cabinet meeting on Thursday discussed a governmental conclusion to a bill on fund for future, initiated by the President, and decided to submit relevant proposal to the draft initiator together with another draft law formulated by the Ministry of Finance. The President worked out this bill considering an importance of equally delivering profits from the mining sector. The draft reflects a principle of equal delivery of the national profits, recommendations from experts and several countries’ experiences in profit funds. The cabinet believes that operating the fund of minerals in proper structure and organization will create conditions for protecting the national economy against a price fluctuation of minerals, ensuring a stability of budget, and inheriting wealth to the next generations.