This will coincide with a decline in the commodities cycle. On top of it, the global economy might face an unprecedented crisis. It is hard to imagine what will happen if all these risks coincide. The Cabinet must forget about elections. It is time to focus on overcoming the looming risks,” previously stressed President Battulga during the discussion on budget bill. He also mentioned that the balanced revenue of the 2019 budget was estimated to increase by MNT 2.4 trillion, of which MNT 1.3 trillion of it would come from mining sector, which constitutes 53.1 percent of the total expected revenue. “In other words, over half of the budget revenue is projected to be generated by the most unwarranted revenue source-it is a risk that could create a big hole in the budget,” Mr. President remarked. With the current scandal around the SME Development Fund and on-going demonstrations against sudden jumps in fuel price and foreign exchange rate, local media outlets are claiming that the President will put veto on 2019 budget. Additionally, the Democratic Party faction in the Parliament, which announced to not attend Parliament sessions until SME Development Fund scandal is resolved, called for the President to veto the bill, blaming the Parliament for approving the budget without the presence of DP members yesterday.