Studies to be carried out on framework for ‘New policy for economic revival’

2021-10-14 08:59:16

Ulaanbaatar /MONTSAME/. At the regular Cabinet meeting that took place on October 13, Minister of Finance B.Javkhlan did a presentation on a new policy for economic revival. 


In its framework, a bill has been developed for the Law on Accelerating Economic Recovery. With its approval, government services such as the issuance of special permissions and permits, and procurement are expected to be more efficient and quickly carried out, and more favorable legal environment will be created for increasing export, accelerating projects to support domestic production and development, and stimulating the economy, alongside increasing the budget revenue.


During the meeting, corresponding officials were obliged to establish a working group consisting of representatives of the public and private sector under the corresponding national committee, and carry out studies on the framework of implementation, base calculations, and possible options for the new policy for economic revival.