Economic recovery stimulus bills being draftedEconomy
Ulaanbaatar /MONTSAME/ At its weekly meeting on December 8, the Cabinet ordered the working group drafting a package of bills to stimulate economic recovery to complete the task promptly and the Minister of Justice and Home Affairs to present the package at the Cabinet’s next regular meeting.
Issues related to the government’s productivity, checkpoints, energy sector, traffic congestion in Ulaanbaatar, industrialization, and natural resources have become impediments to economic growth in Mongolia. Economic recovery and sustainable and inclusive growth are expected to be achieved once the impediment factors are removed as part of the New Revival policy and a comprehensive set of measures are adopted to improve the workforce participation and productivity that have been on the decline over the last decade.
The drafting of the economic recovery stimulus package is key to implementing the New Revival Policy.