President partially bans 2020 Budget Law
1 сар, 3 долоо хоног өмнө
The Budget Law increased 2020 budget deficit to MNT 2.07 trillion
On December 3, President of Mon golia Battulga Khaltmaa sent an official letter to Parliament Speaker Zandanshatar Gombojav to veto 2020 Budget Law, specifically ban Law on Advocacy and several other laws submitted with it. The official letter said, “The Budget Law increased 2020 budget deficit to MNT 2.07 trillion, and has many other disadvantages and risks to the country’s economic and social life.”“Social insurance fees will have increased by 2 percent in 2020, posing a risk to increase pressure on the lives of people,” it included The President has banned investment of the budget partially, the funding of 174.2 billion MNT from increased social insurance, and the regulations of amendments to the Law on Future Funds wholly.