State budget to be reduced in 2013
The Standing Committee on Budget discussed several budgetary issues on Tuesday and decided to forward them to Parliament.
According to a statement by Finance Minister S.Bayartsogt, the 2012 budget is the first to be drafted after passage of the law on budget stability.
O.Chuluunbat criticized the rising number of state employees. O.Chuluunbat said that number has grown by as much as 50,000 in recent years, and state spending has increased as a result.
S.Bayartsogt said the state general budget will be reduced by MNT 1.5 trillion in 2013, in accordance with the law on budget stability and the end of “allowance” payments to citizens. Also, the salaries of state workers are not expected to rise in 2013 as they will in 2012.
According to a statement by Finance Minister S.Bayartsogt, the 2012 budget is the first to be drafted after passage of the law on budget stability.
O.Chuluunbat criticized the rising number of state employees. O.Chuluunbat said that number has grown by as much as 50,000 in recent years, and state spending has increased as a result.
S.Bayartsogt said the state general budget will be reduced by MNT 1.5 trillion in 2013, in accordance with the law on budget stability and the end of “allowance” payments to citizens. Also, the salaries of state workers are not expected to rise in 2013 as they will in 2012.
Comments
Post a Comment