1 CHINA'S CUSTOMS CLEARANCE PROLONGED FOR MONGOLIAN COAL WWW.SXCOAL.COM  PUBLISHED:2017/08/17      2 INVEST MONGOLIA 2017 FRONTIER'S 11TH ANNUAL CONFERENCE IN ULAANBAATAR WWW.MONGOLIANBUSINESSDATABASE.COM  PUBLISHED:2017/08/17      3 BELT AND ROAD CONNECTS MANZHOULI TO THE WORLD WWW.CHINADAILY.COM.CN PUBLISHED:2017/08/17      4 ROCK CARVINGS FROM CHINA'S ANCIENT EMPIRE FOUND IN CENTRAL MONGOLIA WWW.XINHUANET.COM PUBLISHED:2017/08/17      5 MONGOLIAN DERBY: AUSTRALIAN OLYMPIAN ED FERNON WINS WORLD'S TOUGHEST HORSE RACE WWW.ABC.NET.AU PUBLISHED:2017/08/17      6 RUSSIA CUTTING DEPENDENCE ON US DOLLAR – ECONOMY MINISTER WWW.RT.COM  PUBLISHED:2017/08/17      7 ULAANBAATAR HOSTS INT’L TRADE UNION CONFEDERATION'S REGIONAL MEETING WWW.MONTSAME.MN  PUBLISHED:2017/08/17      8 DALAI LAMA ‘DREAMS’ OF NATO RELOCATING TO MOSCOW WWW.THEMOSCOWTIMES.COM PUBLISHED:2017/08/16      9 POLICE DETAIN CENTRAL FIGURE IN MINING'S LARGEST CORRUPTION SCANDAL WWW.MINING.COM PUBLISHED:2017/08/16      10 RUSSIA & JAPAN TO DEVELOP TOURISM IN DISPUTED KURIL ISLANDS WWW.RT.COM PUBLISHED:2017/08/16      ДОЛЛАРЫН ХАНШ ОГЦОМ ӨСЧЭЭ WWW.DNN.MN  НИЙТЭЛСЭН:2017/08/17     МОНГОЛБАНК 1 ДОЛОО ХОНОГТОЙ ТБҮЦ-ЫГ АРИЛЖААЛЛАА WWW.MONGOLBANK.MN  НИЙТЭЛСЭН:2017/08/17     ХҮРТЭЭМЖТЭЙ ДААТГАЛЫГ ХӨГЖҮҮЛЭХ ТӨСӨЛ ХЭРЭГЖҮҮЛНЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2017/08/17     2017/07 САРЫН ГАДААД ХУДАЛДААНЫ ТОЙМ WWW.MONGOLBANK.MN  НИЙТЭЛСЭН:2017/08/17     АЖИЛГҮЙ ИРГЭДИЙН ТОО II УЛИРАЛД 131.8 МЯНГА ХҮРЧЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/08/17     30 ГАРУЙ ОРНЫ ТӨЛӨӨЛӨГЧИД ХӨДӨЛМӨРИЙН ХАРИЛЦААНД ГАРЧ БУЙ АСУУДЛЫГ ХЭЛЭЛЦЭЖ БАЙНА WWW.MONTSAME.MN  НИЙТЭЛСЭН:2017/08/17     УУЛ УУРХАЙН ТУХАЙ ХУУЛИЙН ТӨСЛИЙГ ОЛОН УЛСЫН ШИЛДЭГ ЗӨВЛӨХ БОЛОВСРУУЛЖ БАЙНА WWW.MONGOLIANMININGJOURNAL.COM  НИЙТЭЛСЭН:2017/08/17     МОНГОЛ УЛС ЗЭСИЙН БАЯЖМАЛАА 100 ХУВЬ БНХАУ РУУ ЭКСПОРТЛОЖЭЭ WWW.DNN.MN  НИЙТЭЛСЭН:2017/08/17     ХЯТАДЫН ТӨМРИЙН ХҮДРИЙН ИМПОРТ БУУРЧЭЭ WWW.MONGOLIANMINIGJOURNAL.COM НИЙТЭЛСЭН:2017/08/17     ОПЕРАТОР КОМПАНИУД ЛИЗИНГИЙН ҮЙЛЧИЛГЭЭГЭЭР ЖИЛД 40-60 МЯНГАН ШИРХЭГ ГАР УТАС БОРЛУУЛДАГ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2017/08/16    

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