DP Faction in the Parliament held meeting

Jun 21 • Finance, Infrastructure, News, Politics • 572 Views • No Comments on DP Faction in the Parliament held meeting

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Yesterday’s meeting of the DP faction in the Parliament discussed draft law on Human Development fund presented by Deputy Speaker G.Batkhuu, MP N.Batbayar and MP S.Byambatsogt. The DP faction in the Parliament supported a draft law which allows herders and elders to pay their loans from the Human Development Fund money.

The other main issue discussed was finding the funds for the 1400 km railways that will be built. This project should be organized by the “Mongolian Railway” JSC. In order to find investment, the Government proposed an idea to sell 49% of the total shares of the Company. According to the current law they are only eligible to sell their shares in the domestic market. The DP group did not support this proposal because they believe it is more beneficial to sell shares in international markets.

L.Gantumur, Deputy Head of the DP faction said that he ordered the officials at the National Registration Office to fasten their work on providing every citizen with electronic ID card. The DP faction also discussed about funding of the automatic machines that will be used for the 2012 election. 24 billion MNT is to be spent on those machines according to the State Budget.

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