One million MNT to be distributed in three parts

Bounty of up to MNT one million from the Human Development Fund (HDF) will be given to above 60-year men and above 55-year women.

The Cabinet meeting scheduled on Wednesday discussed the rule on granting benefits and bounty of state. Moreover, the disabled children aged up to 16 years as well as people who lost their labor capability will receive the benefits.

According to the Finance Minister D.Khayankhyarvaa, the money will be issued in three parts--from April through June of this year. It has been dictated by the need not to speed up an inflation, he said.

In conjunction with the alteration, obligations have been given to the Committee of State Properties, the “Erdenes MGL” LLC and the “Erdenes Tavantolgoi” company to place in the HDF MNT 312.5 billion in advance and MNT 110 billion of dividend this May.

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