Mongolian Economy and Finance

The Minister of Human Development and Social Welfare, S.Erdene, announced that elderly and disabled people in the country will receive the remaining 340,000 MNT from the one million MNT allocated to them from the Human Development fund from December 24.

Elderly people and handicapped people will receive 340,000 MNT free allowance.

A small group of committed legislators in the Mongolian parliament are taking on the challenge of meeting the basic needs of women and children.

The Government approved a monthly allowance of 20,000 MNT for 170,000 children under the age of 18 that will be distributed beginning on October 20th.

The official ceremony, where President Ts.Elbegdorj received athletes of the National Olympic Team, took place yesterday at the Governmental Palace.

ULAN BATOR, Aug. 16 (Xinhua) -- Mongolian president Tsakhia Elbegdorj on Thursdayafternoon held a welcome ceremony for the Mongolian Olympic delegation back fromthe 2012 London Olympic Games.

Ulaanbaatar, Mongolia /MONTSAME/. Amount of monthly allowance to be granted children up to 18 years of old from family in need of social protection are determined in Tg15.000.

Ulaanbaatar, Mongolia /MONTSAME/ Those elders and disabled people who have taken MNT 1 million instead of receiving 1,072 stocks of the "Erdenes Tavantolgoi" LLC have become able to return back the cash, exchanging for the stocks.

As a part of the arrangement to grant MNT 1 million to every citizen of Mongolia, the first phase is now being initiated with the elderly and disabled people of Ulaanbaatar receiving MNT 330 thousand.

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.

According to the D.Choijilsuren, official from Labour, Welfare Authority in total 230 thousand people expressed they will get MNT1,000.000 by cash.

Ulaanbaatar, Mongolia /MONTSAME/ Mothers who have given birth to the third child will receive a one-time cash allowance of MNT 300,000.

Ulaanbaatar, Mongolia /MONTSAME/ On Wednesday, the cabinet meeting discussed a draft parliamentary resolution on granting allowances to the remote and Gobi regions, reflected in it some proposals and decided to submit it to parliament.

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.

Ulaanbaatar, Mongolia /MONTSAME/ Pensioners will take now augmented by MNT 35 thousand pensions calcuated from the first of February of this year.

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet made on Friday a decision to increase the allowances granted from the social welfare fund to MNT 70 thousand from February 1 and to 103 thousand 600 from May 1, 2012.

Ulaanbaatar, Mongolia /MONTSAME/ One-time benefit compensations will be given to 352 people who have lost working abilities due to accidents or occupational illnesses.

On Thursday, DP MPs P.Altangerel and S.Erdene told journalists that the MPP caucus has delayed discussion of a draft law on pension increases.

Some MPs of DP caucus introduced a draft law on child money to Parliament session on Thursday.

The Government will distribute MNT 1 million to each elderly or disabled person in the country beginning in February.