Economy Standing Committee at State Great Khural called on press conference to report on its activities during the Fall Session. During the fall session economy standing committee had submitted over 20 draft bills,17 resolution drafts, discussed five international agreement drafts related to economy and market and submitted assessments to National Safety and Foreign policy standing committees. Economy Standing Committee met total of 23 times and the related working groups conducted 83 meetings during the fall session.
The following draft bills and draft resolutions have been submitted and approved:
- Renewed law on Free Trade Zone and 18 related law drafts
- Action plan on implementing the Policy on Railroad Transportation
- 2015 Monetary Policy Directions
- Approval of the Program on Overcoming the Economic Downturn and its amendments
- 2015 State Treasury fund income and expenditure budget.
The implementation of the program on overcoming the economic downturn will be ensured by the Government of Mongolia, Bank of Mongolia and Financial Regulatory Commission and these are to develop action plan on implementation. The program provisions easing the investment environment, creating favorable environment for Mega projects and ensure the implementation of the Gold program.
Audit working group has been established in cooperation with the budget standing committee for Development Bank of Mongolia. The working group is led by MP L.Enkh-Amgalan and is comprised of nine members. The main focus of the audit working group will be auditing of the Chinggis and Samurai bond expenditure monitoring and assessment. The initial outcomes of the audit should be ready by the end of the February according to J.Batsuuri.
Economy Standing Committee at State Great Khural called on press conference to report on its activities during the Fall Session. During the fall session economy standing committee had submitted over 20 draft bills,17 resolution drafts, discussed five international agreement drafts related to economy and market and submitted assessments to National Safety and Foreign policy standing committees. Economy Standing Committee met total of 23 times and the related working groups conducted 83 meetings during the fall session.
The following draft bills and draft resolutions have been submitted and approved:
- Renewed law on Free Trade Zone and 18 related law drafts
- Action plan on implementing the Policy on Railroad Transportation
- 2015 Monetary Policy Directions
- Approval of the Program on Overcoming the Economic Downturn and its amendments
- 2015 State Treasury fund income and expenditure budget.
The implementation of the program on overcoming the economic downturn will be ensured by the Government of Mongolia, Bank of Mongolia and Financial Regulatory Commission and these are to develop action plan on implementation. The program provisions easing the investment environment, creating favorable environment for Mega projects and ensure the implementation of the Gold program.
Audit working group has been established in cooperation with the budget standing committee for Development Bank of Mongolia. The working group is led by MP L.Enkh-Amgalan and is comprised of nine members. The main focus of the audit working group will be auditing of the Chinggis and Samurai bond expenditure monitoring and assessment. The initial outcomes of the audit should be ready by the end of the February according to J.Batsuuri.