ALLOWANCE FROM SOCIAL WELFARE FUND INCREASES

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet made on Friday a decision to increase the allowances granted from the social welfare fund to MNT 70 thousand from February 1 and to 103 thousand 600 from May 1, 2012.

It means that the allowance per person has increased 2.5 times against the year 2008. In addition, the size of conditional allowance was augmented to MNT 40.000 from February 1, reaching thus MNT 48.000 from May 1, 2012.

For the time being, the allowance size of social welfare fund is some MNT 53,800 which is lower by 50 per cent of the minimum level of livelihood in the country. There are 52 thousand people who are taking this allowance so far.

B.Khuder

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