ELDERS AND DISABLED TO RECEIVE CASH NEXT WEEK

Ulaanbaatar, Mongolia /MONTSAME/ The elders and the disabled who want to receive the cash money instead of owning the shares of the “Erdenes Tavantolgoi” company will start receiving one million togrogs each from the next week.

It was reported by D.Khayankhyarvaa, the Minister of Finance, at a regular cabinet meeting on Wednesday.
According to him, the money will be given to them in Ulaanbaatar in the first turn, divided into three parts. The money for April and May will be granted together.

The Ministry of Social Welfare and Labor conducted a survey into an attitude of people, including the elders and the disabled, whether to choose the cash or the stocks. There are 272,582 elders and the disabled wishing to have the cash money, and there are 738,917 people who want to sell their stocks to the government--717 thous.748 intend to have the cash money, 21 thous.--to pay money for the mortgage loans, and 394--to pay for the educational or medical services.

The cabinet also discussed the nominal value of the “Erdenes Tavantolgoi” company's stock. It is expected that a final decision on it will be made by cabinet soon. After fixing the nominal value, the stocks will be sold to national enterprisers from June 1 of 2012.

The Finance Minister said a financial matter has been tackled for the construction of auto roads and railways.

B.Khuder

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