Government to issue shares
Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet discussed and backed Wednesday a matter on issuing governmental stocks in order to recover a deficit of the state budget for the budgetary year of 2011 and to create a financial source of the mortgage loans to be granted to state servants and citizens.
It has been planned to issue the governmental shares of MNT 127 billion 443 million and 400 thousand this year. When a related project is approved, sizes of investments will be increased, and market action of shares will be activated expected to bring positive effect to the economic growth. In addition, it has been considered that the measure has a positive importance in executing the budgetary expense and financing timely and with no troubles, in ensuring state servants with social guarantee, increasing mortgage loans at financial market, decreasing interest of mortgage loans, supporting a construction sector, and in declining risks in the banking sphere.
B.Khuder
It has been planned to issue the governmental shares of MNT 127 billion 443 million and 400 thousand this year. When a related project is approved, sizes of investments will be increased, and market action of shares will be activated expected to bring positive effect to the economic growth. In addition, it has been considered that the measure has a positive importance in executing the budgetary expense and financing timely and with no troubles, in ensuring state servants with social guarantee, increasing mortgage loans at financial market, decreasing interest of mortgage loans, supporting a construction sector, and in declining risks in the banking sphere.
B.Khuder
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