1 WORLD BANK APPROVES USD 25 MILLION CREDIT TO MONGOLIA TO PROMOTE EMPLOYMENT WWW.EN.MONTSAME.MN  PUBLISHED:2017/04/28      2 SHAREHOLDERS' MEETING OF ERDENES TAVANTOLGOI TAKES PLACE WWW.EN.MONTSAME.MN  PUBLISHED:2017/04/28      3 DEMOCRATIC PARTY APPOINTS SECRETARY FOR POLITICAL POLICY WWW.EN.MONTSAME.MN  PUBLISHED:2017/04/28      4 MONGOLIAN AVIATION REVENUE INCREASES WWW.NEWS.MN  PUBLISHED:2017/04/28      5 MONGOLIA ASKS RUSSIA'S DEFENSE MINISTRY TO ARM ITS AIR DEFENSE FORCES WWW.ARMYRECOGNITION.COM  PUBLISHED:2017/04/28      6 CHRONICLE PLAYS HOST TO MONGOLIAN MINING JOURNALISTS WWW.THECHRONICLE.COM.AU  PUBLISHED:2017/04/28      7 AMBASSADOR PAUDYAL PRESENTS CREDENTIALS BEFORE MONGOLIAN PRESIDENT WWW.NEPALIHEADLINES.COM PUBLISHED:2017/04/28      8 JAPAN, RUSSIA TO SIGN 29 ECONOMIC DEALS WWW.NHK.RO.JP PUBLISHED:2017/04/28      9 MONGOLIAN AVIATION REVENUE INCREASES WWW.NEWS.MN PUBLISHED:2017/04/28      10 ERDENET MINING CORPORATION NAMED BEST BUSINESS OF 2016 WWW.MONTSAME.MN PUBLISHED:2017/04/28      “ЭРДЭНЭС ТАВАН ТОЛГОЙ”-ИЙН ХУВЬ ЭЗЭМШИГЧДИЙН ХУРЛААР ЮУГ ОНЦЛОВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/04/28     САЙНШАНДАД НАРНЫ ЦАХИЛГААНЫ СТАНЦЫН ШАВ ТАВИЛАА WWW.DNN.MN  НИЙТЭЛСЭН:2017/04/28     ЦЭВЭРЛЭХ БАЙГУУЛАМЖИЙН ШҮҮСЭН УСЫГ ҮЙЛДВЭРЛЭЛД АШИГЛАНА WWW.MONTSAME.MN  НИЙТЭЛСЭН:2017/04/28     ДАДЛАГАЖИГЧ АЖИЛЧДЫН ТООГ НЭМЭГДҮҮЛЭХИЙГ ХҮСЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2017/04/28     ДОТООДЫН ТАНСАГ ХЭРЭГЛЭЭНИЙ ЗАХ ЗЭЭЛ ХҮРЭЭГЭЭ ТЭЛЖ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/04/28     “ШИВЭЭ-ОВОО” 2016 ОНД 2.09 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ АЖИЛЛАЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/04/28     ОУВС-ИЙН ЗАХИРЛУУДЫН ЗӨВЛӨЛИЙН ХУРЛААР МОНГОЛ УЛСЫН АСУУДЛЫГ ХЭЛЭЛЦЭНЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/04/28     ТАРИАЛАН ЭРХЛЭГЧДЭД 5800 ТОНН УЛААН БУУДАЙН ЭЛИТ ҮР ХУДАЛДАНА WWW.DNN.MN НИЙТЭЛСЭН:2017/04/28     АВТОМАШИНЫ ДИСТРИБЮТОР КОМПАНИУД ТУРШИЛТЫН ЖОЛООДЛОГЫН ҮЙЛЧИЛГЭЭ НЭВТРҮҮЛЖ ЭХЭЛЛЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/04/28     ДЭЛХИЙН БАНК: 2018 ОНД НЕФТИЙН ҮНЭ 60 ДОЛЛАРТ ХҮРЧ ӨСНӨ WWW.MONTSAME.MN НИЙТЭЛСЭН:2017/04/28    

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