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Budget deficit forecasted to be 9.5 per cent of GDP www.montsame.mn
n legal threshold, ensure macroeconomic growth through budget stabilization.
Fiscal framework statement bill was developed following to preliminary performance report of 2016 budget, midterm budget indicators, which agreed within the framework of the Extended Fund Facility program to be implemented with the International Monetary Fund and special fiscal requirements, which is defined in the Fiscal Stability law.
As a result of the Extended Fund Facility program, it is expected that basic conditions would be created to increase investment through reviving their trust and to raise credit rate, lowering loan interest. Moreover minerals’ price increase tendency in the world market is expected to give stimulus to start big projects, supporting economic growth and lowering payment balance deficit.
B.Ooluun
Fiscal framework statement bill was developed following to preliminary performance report of 2016 budget, midterm budget indicators, which agreed within the framework of the Extended Fund Facility program to be implemented with the International Monetary Fund and special fiscal requirements, which is defined in the Fiscal Stability law.
As a result of the Extended Fund Facility program, it is expected that basic conditions would be created to increase investment through reviving their trust and to raise credit rate, lowering loan interest. Moreover minerals’ price increase tendency in the world market is expected to give stimulus to start big projects, supporting economic growth and lowering payment balance deficit.
B.Ooluun
Published Date:2017-05-01
