Ulaanbaatar
Budget limits set for general managers
PoliticsUlaanbaatar /MONTSAME/ At its meeting held Monday, the cabinet adopted the 2017 budget limits for general managers of budgets in accordance with the law on budget.
In compliance with the fixed limits, the general managers were tasked to work out their draft budgets for 2017. By the 2017 budget frameworks of Mongolia and the law on 2018-2019 budget assumption, an amount of the 2017 balanced revenue and expenditures of master budget is expected to be MNT 6,609.6 billion which is equivalent to 22.6% of the national GDP, while the balance of master budget is envisioned without deficit.
