Risk Fund will be used again

Jan 12 • Economy, Government • 699 Views • No Comments on Risk Fund will be used again

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During the last Friday session of the State Great Khural, meat reserve issue and amendment of the Law on Mongolia Development Fund was discussed.

In order to improve meat supply, eliminate many broker levels between herders and consumers and prevent price increase, 37.5 billion MNT is planned to allocate for preparing 15,000 tons of meat and keep it at the Mongolia Development Fund as the meat reserve. Standing Committee on Budget discussed this issue and rejected it earlier. Many MPs has different points of views. Some say that it is too late for preparing meat and some afraid of wrong standard that can bring the State Great Khural to the Constitutional Court. But it was adopted by the majority of MPs regardless of negative points of views and comments.

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