PARLIAMENT APPROVES BUDGET CLARIFICATION FOR 2011

Ulaanbaatar, Mongolia /MONTSAME/ A plenary meeting of the parliamentary session discussed and approved the budget clarification for 2011 on October 28. A deficit of this year's budget clarification decreased 0.3 per cent against the budget of 2011. It means that the budget revenue increased by MNT 615 billion against the previous budget, and the budget expenditure also increased by MNT 824 billion. The budget deficit is equivalent to 9.6 per cent of the Gross Domestic Product (GDP). Now, the State Great Khural will approve the law on master budget for 2012 soon.

B.Khuder