MPP, DP caucuses propose budget cuts
The MPP and DP caucuses both discussed the proposed 2012 budget last Friday.
Both caucuses proposed cutting budget expenditures, though specific details were not made public.
According to sources, however, the MPP caucus decided that the budget deficit should account for no more than three percent of the total budget, and expenditures should be reduced by MNT 1.2 trillion.
The DP caucus decided that the 2012 budget should focus on development for the benefit of the entire country, and that investment should be increased. DP officials noted that current expenditures should be economized, and that the state should pay more attention to construction programs. They suggested pegging GDP at 16.1 percent, reducing budget expenditures by MNT 600 billion, decreasing the budget deficit from 4.1 to 3 percent, and increasing salaries and pensions without raising inflation.
Both caucuses proposed cutting budget expenditures, though specific details were not made public.
According to sources, however, the MPP caucus decided that the budget deficit should account for no more than three percent of the total budget, and expenditures should be reduced by MNT 1.2 trillion.
The DP caucus decided that the 2012 budget should focus on development for the benefit of the entire country, and that investment should be increased. DP officials noted that current expenditures should be economized, and that the state should pay more attention to construction programs. They suggested pegging GDP at 16.1 percent, reducing budget expenditures by MNT 600 billion, decreasing the budget deficit from 4.1 to 3 percent, and increasing salaries and pensions without raising inflation.
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