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Events
Decisions Made at The Cabinet Session www.montsame.mn
During its regular session on June 14, 2023, the Cabinet made the following decisions:
Draft Law on Amending the Law on Immunization to be Submitted to the State Great Khural
During the Session, the Cabinet discussed a draft law on Amending the Law on Immunization and agreed to submit it to the State Great Khural.
The draft law has been developed to add vaccines against hepatitis A, pneumococcal, and human papillomavirus infections to the list of mandatory vaccinations.
Under the “Wasp” Operation, operational investigative activity is to be intensified
One of the operations of the “Five W” anti-corruption campaign is the “Wasp” operation, which aims to bring overseas escapers back to court and hold them accountable. At the Cabinet session, Minister of Justice and Home Affairs Kh. Nyambaatar presented some measures that have been taken under this operation.
In this regard, the Prime Minister tasked the line ministry to intensify the operational investigative activities.
Inflation Rate and Measures to Control Price Rise Presented
During the session, another presentation was delivered by Deputy Prime Minister and Minister of Economy and Development Ch. Khurelbaatar on the inflation rate and measures taken to control price rises. According to the National Statistics Office data, the inflation rate is 11.3 percent as of May 2023. However, it has been on a downward trend since its peak at 16.1 percent in June 2022. It is mainly due to the factors, such as the increased foreign exchange reserves, and stabilization of the foreign exchange market that leads to the lightened pressure of MNT depreciation and the reduced price of imported goods.
Even though the inflation rate has been falling, it is still higher than the target level proposed by the Bank of Mongolia. Price rises in wheat flour, meat, and milk have stimulated the stubborn inflation rate. As these three staple food products constitute 40 percent of the inflation.
The Government proposed amendments to the 2023 State Budget to secure the income of children, the elderly, disabled citizens, and public servants, improve the living environment of citizens and reduce urban congestion. As a result of that, there is an expected risk of a surge in the inflation rate.
Therefore, within the scope of controlling inflation and increasing economic production, the Minister proposed necessary measures, including preparing the monthly budget balance without deficit, trading meat and other agricultural products through the agricultural exchange, improving the efficiency of the animal husbandry sector, and introducing a digital system for special licenses.
In connection with the presentation, the Prime Minister was mandated to formulate a draft resolution of the Government on “Measures to ensure the stability of macroeconomics” and get it ready to be discussed at next week’s session.
Brief News:
Minister of Justice and Home Affairs Kh. Nyambaatar was tasked with formulating a draft resolution on “Measures to Take Within the Framework of the General Agreement on Cooperation Between Mongolia and China on Gashuunsukhait-Gantsmod Cross-Border Railway and Coal Purchase” and getting it discussed at the Cabinet session.
Minister of Economy and Development Ch. Khurelbaatar was tasked with developing an Action Plan for organizing the “Mongolian Economic Forum-2023” and ensuring its smooth implementation.
Published Date:2023-06-17
