M.Enkhbold said, “The current socio-economic state of our country is demanding initiatives from us. The remainder of the Parliamentary mandate should not be revolving around side issues caused by some political exaggeration. Works on organizing budget policy, improvising of its monitoring and International Monetary Fund’s (IMF) program are being implemented successfully.”

According to the Speaker, the economic growth has reached 5.3 percent and inflation is expected to stabilize at 8 percent. He further addressed to strongly support IMF’s Extended Fund Facility program.

“The replacement of Prime Minister and the Government should not drag business entities. Current value of the Government’s debt is at MNT 19.8 trillion, which equals 73.8 percent of GDP. Chinggis and Dimsan bonds’ payment will be due next year. Therefore, the main focus should be to renew Government’s debt management and service plans, move major projects and create savings,” said Parliament Speaker M.Enkhbold.

President of Mongolia Kh.Battulga attended the session and is now presenting his speech.