amendments to state budget
After President Kh.Battulga received amendments to the 2017 state budget and the 2017 budget for the Social Insurance Fund on October 30, he decided to veto the amendments approved by Parliament in late October as he believes that the amendments violate some parts of the Law on Budget.
The President submitted a letter regarding his veto to Speaker of Parliament on November 2.
In his letter, the President said that as budgets for government officials who are eligible to spend money from the state budget have been increased through the amendments, Parliament violated Section 6.2.5 of the Law on Budget, which states that a decision that could have an impact on reducing state revenue and increasing state expenditure shall not be implemented in the next fiscal year.
In accordance with the law, Parliament will review the President’s veto within 14 days, but Minister of Labor and Social Protection S.Chinzorig noted that Parliament should respond the veto quickly because a lot of socioeconomic problems are pending solutions.
Due to the President’s veto, children will not be reimbursed with their monthly allowance of 20,000 MNT for August, September and October, and the one-time grant of 300,000 MNT for state employees cannot distributed. If Parliament rejects the President’s veto, the allowance and grant will be handed out.
The Presidential veto comes on the heel of Parliament’s rejection of his previous veto on the appointment of Minister Finance Ch.Khurelbaatar last week.
President Kh.Battulga at a parliamentary session