PRES­I­DENT VETOES

amend­ments to state bud­get

The UB Post - - FRONT PAGE - By T.BAYARBAT

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.

Photo by G.ARGUUJIN

Pres­i­dent Kh.Bat­tulga at a par­lia­men­tary ses­sion

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