Ulaanbaatar
MPP faction backs re-considering of Khalkhgol free-zone resolution
PoliticsUlaanbaatar /MONTSAME/ Head of the parliamentary faction of the Mongolian People’s Party (MPP) S.Byambatsogt and his deputy B.Choijilsuren MPs made a press briefing about their Monday's meeting.
Mentioning that they discussed the basic guidelines of 2016 monetary policy and 2016 master budget, he said the faction resolved that "the parliament resolution No.75 on Establishing Khalkhgol Free zone should be reconsidered". This week, the Standing committee on environment, food and agriculture is to discuss the draft resolution on adopting the State Policy on Food and Agriculture. He also noted that the two resolutions were discussed by the plenary session of last spring, but the Khalkhgol Free zone resolution was adopted in July "in the absence of a legitimate fundamental state policy on food and agriculture". “The policy document should have been adopted first. If required, it is only right to consider cancelling the resolution No.75”, he said.
The MPP faction reaffirmed its position on the 2016 budget, which is to reduce expenditures on foreign appointments, trainings, consultations and seminars, not to commence new investments in 2016 in order for the ongoing investment works to complete, he said.
The faction did not back the cabinet’s proposal on privatizing the State Bank, instead, they considered that "the Bank should be re-organized as a bank to promote the small and medium businesses to comprise the current funds with similar operations--Fund for Small and Medium Enterprise Development, Credit Warranty Fund, Fund for Promoting Industries, Fund for Promoting Employment". The MPP parliamentarians also offered, he said, to unite the convertible assets of the Social Insurance Fund to increase bank actives.
B.Choijilsuren said the Mongolbank (central bank of Mongolia) "should prioritize launching programmes to reduce poverty and risks of economic crisis". Parliament "needs to form a working group in charge of formulating tough monetary policy and conducting analysis into the current economic situations".
