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Oyu Tolgoi activities to be assessed www.montsame.mn
Ulaanbaatar /MONTSAME/ A working group headed by the State Secretary of Finance Ministry has been set up to evaluate the activities of Oyu Tolgoi Company by the Government. Yesterday, April 11, Parliamentary Standing Committee on Economy held a second discussion of bills on amendments to the 2017 State Budget law and amendments to the 2017 Social Insurance Fund budget. During the discussion, the working group in charge of development of the bills informed about it in response to MPs questions.
Some MPs of the Economic Standing Committee, asked questions whether the International Monetary Fund has advised to improve Oyu Tolgoi agreement and to make up budget revenue through raising tax on gold, and whether estimation of dollar exchange rate in the budget bill, equaling MNT2538, was projected realistically.
According to the answers of the working group, IMF has given instruction to keep the currency exchange rate stable and to make up budget revenue not depending on mining. MP Ts.Davaasuren made a proposal to improve activities in Oyu Tolgoi and Tamsag mines and transmit income from the mines through the Bank of Mongolia, when distributing the income to relevant organizations. Majority of MPs of the standing committee supported the proposal.
Published Date:2017-04-12
