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The Governments stops the "Good Fence", "Good Students", "Good Herders" and "Good Shares" programs

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B.Chimeg
2016-08-11
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The Governments stops the "Good Fence", "Good Students", "Good Herders" and "Good Shares" programs

The Governments has decided to stop the "Good Fence", "Good Students", "Good Herders" and "Good Shares" programs due to it violates the law on budget stability and law on debt management.

"Good" programs have started to be implemented since Apr, 2016 and its financing sources were not reflected to the State Budget 2016. As of today, total of MNT 596 billion was spent on the programs which had been implemented to win most votes of election. 

Also, the Government has assigned Minister of Finance, Minister of Education, Culture, and Science to draft the Government Action Plan 2016-2020 and State Budget 2016  in accordance with the law of Mongolia. 

“Good Fence” is a program to improve the living conditions of people who live in ger disctricts and to deal with the infrastructural shortages of ger districts. 
"Good Students" is a program to grant tuition fee loans to students.  
“Good Herders” is a program to grant loans with a 10 percent interest rate to herders.
"Good Shares" is a program to buy back a certain number of public shares of Erdenes Tavan Tolgoi.

The Governments has decided to stop the "Good Fence", "Good Students", "Good Herders" and "Good Shares" programs due to it violates the law on budget stability and law on debt management.

"Good" programs have started to be implemented since Apr, 2016 and its financing sources were not reflected to the State Budget 2016. As of today, total of MNT 596 billion was spent on the programs which had been implemented to win most votes of election. 

Also, the Government has assigned Minister of Finance, Minister of Education, Culture, and Science to draft the Government Action Plan 2016-2020 and State Budget 2016  in accordance with the law of Mongolia. 

“Good Fence” is a program to improve the living conditions of people who live in ger disctricts and to deal with the infrastructural shortages of ger districts. 
"Good Students" is a program to grant tuition fee loans to students.  
“Good Herders” is a program to grant loans with a 10 percent interest rate to herders.
"Good Shares" is a program to buy back a certain number of public shares of Erdenes Tavan Tolgoi.
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B.Chimeg
Category
Politics
Published
2016-08-11
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