Mongolian Government to raise salaries, pensions by 53 percent
The government plans to raise the salaries and pensions of state workers by 53 percent next year. The proposed raise is included in the draft budget that Prime Minister S.Batbold delivered to Speaker D.Demberel last week. If the increase goes through, the average state worker’s salary will have doubled since 2008.
In 2008, the joint-coalition government promised to raise per capita GDP to USD 5,000. The government now projects that per capita GDP will reach USD 5,362 next year. According to the draft budget, government revenue next year is projected to be MNT 6.4 trillion MNT (35.4 percent of GDP), while spending is expected to be MNT 7.1 trillion (39.5 percent of GDP). The projected deficit is 4.1 percent of GDP.
In the draft budget, the government says there are four priorities for dealing with the economic boom in the mining industry: to maintain steady revenues; to ensure that all citizens benefit equally; to support economic development programs; and to increase investment in the health care and education sectors.
The draft budget proposes implementing a “Healthy Child” program that every child would participate in. The draft also calls for increasing spending on environmental programs, including MNT 71.2 billion to reduce air pollution in Ulaanbaatar.
The proposed budget maintains the monthly allowance of MNT 21,000 that every citizen receives, at least through the first half of the year. Women 55 and older and men 60 and older, as well as disabled persons, would receive payments of MNT 1 million, and the government would pay students MNT 500,000 each toward tuition fees.
The government also proposes implementing a “100,000 Homes” program that would provide MNT 100 billion as down payments for 100,000 citizens who want to purchase a home.
Source : News.mn
In 2008, the joint-coalition government promised to raise per capita GDP to USD 5,000. The government now projects that per capita GDP will reach USD 5,362 next year. According to the draft budget, government revenue next year is projected to be MNT 6.4 trillion MNT (35.4 percent of GDP), while spending is expected to be MNT 7.1 trillion (39.5 percent of GDP). The projected deficit is 4.1 percent of GDP.
In the draft budget, the government says there are four priorities for dealing with the economic boom in the mining industry: to maintain steady revenues; to ensure that all citizens benefit equally; to support economic development programs; and to increase investment in the health care and education sectors.
The draft budget proposes implementing a “Healthy Child” program that every child would participate in. The draft also calls for increasing spending on environmental programs, including MNT 71.2 billion to reduce air pollution in Ulaanbaatar.
The proposed budget maintains the monthly allowance of MNT 21,000 that every citizen receives, at least through the first half of the year. Women 55 and older and men 60 and older, as well as disabled persons, would receive payments of MNT 1 million, and the government would pay students MNT 500,000 each toward tuition fees.
The government also proposes implementing a “100,000 Homes” program that would provide MNT 100 billion as down payments for 100,000 citizens who want to purchase a home.
Source : News.mn
Comments
Post a Comment