1 ALIBABA TO SET UP E-COMMERCE HUB IN MALAYSIA WWW.CHINADAILY.COM.CN  PUBLISHED:2017/03/23      2 TOYOTA, NTT TO COOPERATE ON CONNECTED CARS WWW3.NHK.OR.JP PUBLISHED:2017/03/23      3 CHINA'S ZTE CORP PLEADS GUILTY IN U.S. COURT IN SANCTIONS CASE WWW.REUTERS.COM  PUBLISHED:2017/03/23      4 SNAP POPS 9 PERCENT AFTER WINNING SECOND 'BUY' RECOMMENDATION WWW.REUTERS.COM  PUBLISHED:2017/03/23      5 LONDON-PARIS ELECTRIC FLIGHT 'IN DECADE' WWW.BBC.COM  PUBLISHED:2017/03/23      6 PRESIDENT TS.ELBEGDORJ MEETS UNSG'S SPECIAL ENVOY FOR ROAD SAFETY WWW.EN.MONTSAME.MN  PUBLISHED:2017/03/23      7 PLANS FOR COAL-FIRED POWER PLANTS DROP BY ALMOST HALF IN 2016 WWW.BBC.COM  PUBLISHED:2017/03/23      8 UK AIRLINES MUST HAVE EU BASE AFTER BREXIT OR LOSE MAJOR ROUTES – REPORT WWW.RT.COM  PUBLISHED:2017/03/23      9 PRICEY DIVING TOURS TO TITANIC SHIPWRECK TO BEGIN IN 2018 WWW.RT.COM  PUBLISHED:2017/03/23      10 MONGOLIA DISCUSSES WASTEWATER AS RESOURCE WWW.EN.MONTSAME.MN  PUBLISHED:2017/03/22      УУЛ УУРХАЙН САЛБАРЫНХНЫ ЦАЛИНГИЙН ДООД ХЭМЖЭЭ 480 МЯНГА БОЛОВ WWW.NEWS.GOGO.MN  НИЙТЭЛСЭН:2017/03/23     ХӨШИГИЙН ХӨНДИЙН ОНГОЦНЫ БУУДАЛ ИРЭХ ОНЫ ТАВДУГААР САРД ЗОРЧИГЧ ХҮЛЭЭН АВАХ БОЛОМЖТОЙ БОЛНО WWW.DNN.MN  НИЙТЭЛСЭН:2017/03/23     ХЯТАДАД НҮҮРСНЭЭС ЭТИЛИЙН СПИРТ ГАРГАЖ АВАХ ТУРШИЛТ ХИЙЖЭЭ WWW.DNN.MN  НИЙТЭЛСЭН:2017/03/23     ӨРГӨМЖИТ КОНСУЛЫН ГАЗРЫН НЭЭЛТИЙН АЖИЛЛАГАА БОЛОВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2017/03/23     ОЛОН-ОВОО ӨРТӨӨНӨӨС ТЯНЬЖИН БООМТ РУУ НҮҮРС ТЭЭВЭРЛЭЖ ЭХЭЛНЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/03/23     МХБ: 14 КОМПАНИ ХУВЬЦАА ЭЗЭМШИГЧДЭДЭЭ НОГДОЛ АШИГ ТАРААНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/03/23     АМ.ДОЛЛАРЫН ХАНШ 0.07 ХУВИАР ӨСӨВ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/03/23     БАЯНХОНГОР ГОВЬ-АЛТАЙ ЧИГЛЭЛИЙН 260 КМ АВТОЗАМЫГ ЭНЭ ЖИЛДЭЭ ДУУСГАНА WWW.MONTSAME.MN  НИЙТЭЛСЭН:2017/03/23     ХХААХҮЯ: МОНГОЛ УЛС ЖИЛД 100 МЯНГАН ТОНН МАХ ЭКСПОРТЛОХ БОЛОМЖТОЙ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/03/23     АРИЛЖААНЫ БАНКНУУД ӨӨРИЙН ХӨРӨНГИЙН ХҮРЭЛЦЭЭНИЙ ХАРЬЦААГ БҮРЭН ХАНГАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/03/23    

PM: “Government of Mongolia to be debt-free to Chalco within this month” www.montsame.mn

Ulaanbaatar /MONTSAME/ Prime Minister of Mongolia J.Erdenebat met with the leaders of the administrative organizations under the government to give some directions. He also reflected on actions taken by his cabinet for the last seven months since formation.

J.Erdenebat was appointed as the Prime Minister eight months ago. In a month in the Premier’s office, J.Erdenebat formed his cabinet, hailed as “professional”.

“To look back on the works done by our cabinet, I would call it a “cleaning” cabinet”, said the Premier and provided examples to back his argument.

At first, he said, our cabinet has sophisticated the budgetary system and commenced the action for applying discipline in public expenditures. “We were greeted by an economy that had one of the world’s most critical government budget balance in terms of deficit. The budget deficit was a consequence of careless spending of taxpayers’ money”, he added.

Secondly, the new cabinet has successfully captured opportunities and put an end to the impeachment, which was about whether the Mongolian government would announce a default or not due to the outstanding debt from the government bonds. This government has settled the issue of USD 580 million debt, and shed a light on investors’ confidence.

He went on to say “This is not any kind of political advertisement. The fact that foreign investors offered USD 3.3 billion bid for the recently-issued government bond of USD 124 million can back up the accomplishments of this government”.

Last but not least, Mongolia will be free of debt owing to Chalco Company of China within this month. Thanks to this, the East Tsankhi pit of the coal giant Tavantolgoi mine is finally getting into Mongolian people’s full ownership after seven years. In other words, profit from coal mining in East Tsankhi will go directly to the Mongolian government budget.

“We decided not to just watch what happens with the coal price in the world. This government launched an open auction for Tavantolgoi’s coal and sold at the highest ever price – 72.5 USD per ton” he said.

Although, some of the above mentioned works have been already initiated under the previous governance, our cabinet pushed forward the stagnated processes, added the Prime Minister. “Mongolia’s economy has so much more work. The difficult part is not over yet. Mongolia has just stepped up to the threshold of many decisive steps”.

 
 
 


Published Date:2017-03-20