Daily Business News Mongolia

There were several issues to discuss at the Budget Standing Committee yesterday, however the meeting became ineffective due to contending of members of MPRP and DP. At first, DP members rejected to discuss a draft law on Grant of the Nation Fund. They said, “There is no need to make a show to give everyone MNT 50 thousand while Minister of Finance said the fund resource for Grant of the Nation was not clear. Let’s postpone it.” In turn MPRP boycotted, rejecting to discuss a draft law on nullifying some provisions of the law on taxation of price increase of some products. This is the draft law on not imposing 68 percent tax on gold. The Government had initiated the draft law however MPRP members postponed it because DP members were against gold windfall tax at the first time.

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