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Loan interest rates can be reduced within February

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Loan interest rates can be reduced within February

Head of parliamentary faction of Democratic Party B.Garamgaibaatar made press briefing February 2 about the faction's meeting held on Monday. Directions were given to law initiators regarding an adopting of Law on Elections, he said.

The Speaker Z.Enkhbold and the PM Ch.Saikhanbileg had given some information to the faction, for example, the PM talked about good performances since the VAT payback, five percent mortgage loan, government bonds, loaning petroleum from Russia, customs and taxation systems' online modules, he said.

"As the PM said, the interest rate of mortgage loan for apartments can be reduced to five percent, and the interest rate of herders' loan--down by threefold within February," he went on.

When asked about the issue of “loaning petroleum”, Garamgaibaatar explained that Mongolia's government and the Russian "Rosneft" company had reached an agreement on supply us with petroleum "without an advance payment". "The reason is that Mongolia’s tax revenue is relatively lower in the first quarter of a year," he said. 

Head of parliamentary faction of Democratic Party B.Garamgaibaatar made press briefing February 2 about the faction's meeting held on Monday. Directions were given to law initiators regarding an adopting of Law on Elections, he said.

The Speaker Z.Enkhbold and the PM Ch.Saikhanbileg had given some information to the faction, for example, the PM talked about good performances since the VAT payback, five percent mortgage loan, government bonds, loaning petroleum from Russia, customs and taxation systems' online modules, he said.

"As the PM said, the interest rate of mortgage loan for apartments can be reduced to five percent, and the interest rate of herders' loan--down by threefold within February," he went on.

When asked about the issue of “loaning petroleum”, Garamgaibaatar explained that Mongolia's government and the Russian "Rosneft" company had reached an agreement on supply us with petroleum "without an advance payment". "The reason is that Mongolia’s tax revenue is relatively lower in the first quarter of a year," he said. 

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Category
Society
Published
2016-02-03


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