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PARLIAMENT ADOPTS 2018 STATE BUDGET BILL

PARLIAMENT ADOPTS 2018 STATE BUDGET BILL
14
Nov

PARLIAMENT ADOPTS 2018 STATE BUDGET BILL

During its irregular plenary meeting, the Parliament made the final hearing on the 2018 State Budget Bill and adopted with 92.3 percent vote. In the 2018 Budget, revenue is projected to be MNT 7.2 trillion, constituting 23.8 percent of GDP, expenditures MNT 9.6 trillion, or 31.8 percent of GDP, whereas the deficit amounts to MNT 2.4 trillion or 8 percent of GDP. The 2018 State Budget reflects major expenditures including rebuilding of Central Wastewater Treatment Plant, implementation of ‘Mothers with salary’ program, increase of pensions in correlation with inflation rate and granting bonus to public servants for their accountability and excellence.