Ulaanbaatar
Draft basic guidelines for 2017 social-economic development to be submitted
PoliticsUlaanbaatar /MONTSAME/ At its meeting on Monday, the cabinet discussed draft basic guidelines for 2017 social-economic development of Mongolia and decided to submit them to parliament after having reflected in it some proposals.
The guidelines highlight all policies and measures aimed at realizing goals of the Concept on Sustainable Development of Mongolia-2030, at ensuring national economic growth, keeping inflation rate at a lower and stable level, running reforms in the budget policy, maintaining deficit-free budget, reducing unemployment rate by augmenting jobs, and at supporting growth of industries.
The guidelines would keep the national economic growth by ensuring the economic stability in 2017 within the macro-economic policy in times of price fall of raw material at the world market, also keep the inflation rate within 5-7%, and maximize a reserve of foreign currencies by reducing a deficit in current accounts.
