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Cabinet reviews issues regarding social, tax and agriculture affairs www.theubpost.cmn

During its weekly meeting, Cabinet updated the rules of the fund to support Mongolians living abroad. The fund operates to help over 150,000 Mongolian citizens living abroad and addresses some challenges facing them.

In response to requests from Mongolians living abroad, the fund has provided a financial support of 1.3 billion MNT from 2009 to 2017 through Mongolian diplomatic mission offices operating in foreign countries.

Almost half of the financial support was spent to bring back the bodies of Mongolians who deceased abroad, and the remaining was used to support citizens who were sentenced and lost their properties because of crimes.

The fund’s revenue was generated through the state budget, and aids and contributions of foreign countries, international organizations, domestic organizations and enterprises, and individuals.

Cabinet ministers agreed to implement some trial projects to reduce poverty, which were outlined in the government action plan 2016-2020.

The projects aim to address the shortage jobs across the country and provide people with sustainable employment by promoting permanent jobs.

Cabinet approved the minimum and maximum incomes of government officials who have authorities to spend the 2019 state budget.

Cabinet agreed to put forward amendments to the Law on Entity Income Tax to Parliament soon.

The government believes that the amendments will reduce expenses with respect to tax payments, enhance the legal and regulatory environment for entities, tax collection operations, and create a fair and transparent tax environment.

During the meeting, Cabinet members renewed a regulation regarding land evaluation to bring it closer to the market rate as the government believes that the regulation doesn’t meet the needs of the society because it has not been updated since 1996.

Cabinet also agreed that the National Veterinary and Sanitation Laboratory, National Laboratory for Drug Testing and Confirmation, and the state-owned Biocombinat factory will operate under the newly established National Veterinary Authority. The National Livestock Breeding and Genetics Resources Center and Science, Technology and Innovation Center on Agricultural Manufacturing will operate under the Ministry of Food, Agriculture and Light Industry.



Published Date:2018-06-22