1 MONGOLIA REDUCES PENSION LOAN INTEREST RATE WWW.NEWS.MN PUBLISHED:2018/01/17      2 LAW ON CENTRAL BANK AMENDED: MONITORING ON BANKING SECTOR TO IMPROVE WWW.GOGO.MN PUBLISHED:2018/01/17      3 COAL EXPORT ROSE 29.1 PERCENT YEAR OVER YEAR IN 2017 WWW.GOGO.MN PUBLISHED:2018/01/17      4 MONGOLIA AND EU COOPERATE ON CRIMINAL JUSTICE REFORM WWW.NEWS.MN PUBLISHED:2018/01/17      5 BOM PURCHASES 682 KILOGRAMS OF GOLD IN ELEVEN DAYS WWW.GOGO.MN PUBLISHED:2018/01/17      6 MMC RELEASES A FOURTH QUARTER REPORT FOR 2017 WWW.GOGO.MN PUBLISHED:2018/01/17      7 MONGOLIA’S POPULATION REACHES 3.2 MILLION WWW.MONTSAME.MN PUBLISHED:2018/01/17      8 EMA BANS ANTIBIOTIC APIS PRODUCED BY DRUGMAKER IN MONGOLIA WWW.FIERCEPHARMA.COM  PUBLISHED:2018/01/17      9 ROK TO HELP MONGOLIA WITH COMBATING AIR POLLUTION WWW.XINHUANET.COM PUBLISHED:2018/01/17      10 RIO’S OYU TOLGOI MINE IN MONGOLIA HIT WITH $155 MILLION TAX BILL WWW.MINING.COM PUBLISHED:2018/01/17      WORLD ECONOMICS: МОНГОЛЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС 51.3 НЭГЖИД ХҮРЧ ӨСӨВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/01/17     “ОЮУТОЛГОЙ” КОМПАНИД 155 САЯ АМ.ДОЛЛАРЫН ТАТВАРЫН АКТ ТАВЬЖЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/01/17     ГОЛОМТ, УЛААНБААТАР, ХУДАЛДАА ХӨГЖЛИЙН БАНК ОХИН КОМПАНИА ТАТАН БУУЛГАНА WWW.DNN.MN НИЙТЭЛСЭН:2018/01/17     2017 ОНД БАРИЛГА УГСРАЛТ, ИХ ЗАСВАРЫН АЖЛЫН ХЭМЖЭЭ ӨМНӨХ ОНООС 45.9 ТЭРБУМ ТӨГРӨГӨӨР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/01/17     ҮЙЛДВЭРЛЭЛ ЭРХЛЭГЧ, ХӨРӨНГӨ ОРУУЛАГЧДЫГ ХОЛБОХ МЭДЭЭЛЛИЙН САН БҮРДҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/01/17     1-Р САРЫН 16-ЫН ӨДРИЙН АРИЛЖААНЫ МЭДЭЭ WWW.MSE.MN НИЙТЭЛСЭН:2018/01/17     ХОТЫН НОГООН БАЙГУУЛАМЖИЙГ ГОЁЛ ЧИМЭГЛЭЛИЙН МОДДООР ӨРГӨЖҮҮЛНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/01/17     ГАДААД ХУДАЛДААНЫ БАРАА ЭРГЭЛТ 10.5 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЧЭЭ WWW.NEWS.GOGO.MN  НИЙТЭЛСЭН:2018/01/17     БНСУ-ЫН ЗЭЭЛИЙГ АГААРЫН БОХИРДОЛ БУУРУУЛАХ, АЙМГУУДАД ДЦС БАРИХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/01/17     ҮСХ: 2017 ОНД АЖ ҮЙЛДВЭРИЙН САЛБАРЫН ҮЙЛДВЭРЛЭЛ ӨМНӨХ ОНООС 30.3 ХУВИАР ӨССӨН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2018/01/17    

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