Today, Democratic Party group in parliament announced that it has established a working group to assess and make conclusion regarding a bill on amendments to 2017 state budget. The bill is scheduled to be discussed at the parliamentary spring session, to be opened tomorrow and DP group has an opposing position to increase budget expenditure and some tax rates.

“The International Monetary Fund has made conclusion that current difficulties were caused by price drop of mining products, which is main column of the economy and foreign investment fall. Current economic condition should be reviewed again and income from mining should be calculated realistically. Price of mining products is increasing and the situation turns positively in favor of Mongolian economy.

Today, one ton of coal costs USD 150 and copper costs USD 6000 at the world market, while coal price was USD30 and copper USD 3000 when Democratic Party was in power. Money is flowing into Mongolia. In this time, Mongolians should accurately consider what for to spend money. We must not transfer our financial rights to foreigners” said head of the DP group Mr D.Erdenebat, who also chairs the working group.