Par­lia­ment holds third re­view of 2018 state bud­get


On Fri­day, Par­lia­ment re­viewed the draft 2018 state bud­get, the 2018 bud­get for the So­cial In­sur­ance Fund and the 2018 bud­get of the Health In­sur­ance Fund for the third time and sub­mit­ted them to stand­ing com­mit­tees for prepa­ra­tion for the fi­nal re­view.

Dur­ing the re­view, sev­eral leg­is­la­tors em­pha­sized that a sur­vey on re­duc­ing govern­ment ex­pen­di­tures and in­ter­est pay­ment of govern­ment bond debt should be con­ducted by the Min­istry of Fi­nance and Par­lia­ment’s Bud­get Stand­ing Com­mit­tee be­fore fi­nal­iz­ing the 2018 state bud­get.

Mem­ber of Par­lia­ment Ya.Sod­baatar noted that Par­lia­ment and Cab­i­net should fo­cus on cre­at­ing a salary sys­tem that re­wards pub­lic em­ploy­ees based on their per­for­mance, ex­pe­ri­ence and other es­sen­tial re­quire­ments.

Par­lia­ment is ex­pected to ap­prove the 2018 state bud­get this week. The fis­cal bud­get is to be made ready be­fore Novem­ber 15 of the pre­vi­ous year un­der Sec­tion 8.4.8 of the Law on Bud­get.

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