Cabinet to submit bill on budget clarification

Ulaanbaatar /MONTSAME/ At irregular meeting on Monday the cabinet decided to submit a draft law on the 2013 budget clarifications to the State Great Khural (parliament). This draft, being accompanied by several related bills, reflects a regulatory proposal to keep this year’s budgetary deficit in a figure equal to two percent of the national Gross Domestic Product (GDP). In addition, the draft authorizes general managers of budgets to put financing measures in right order and to regulate types expenses so as to save nearly 240 billion MNT by reducing the bearable operating costs in all budgetary organizations within September-December this year. Another drafted measure is a postponing of projects and programs until the 2014. If to put back these measures, which have no signed contracts or whose infrastructure and land matters have not been tackled, a sum of nearly 500 billion MNT would be saved.