The Minister of Finance B.Javkhlan informed that he will focus on circulating MNT 8 trillion which was accumulated in the Central Bank of Mongolia, and coordinating budget and tax policy. He also said that he will focus on the two areas. First, the implementation of resolutions made by the Parliament on economy restoration. Second, budget policy on jobs at the Small and Medium Enterprise sector.
He also stated, “The current economic crisis is not because of the wrong policies, but the pandemic. Budget discipline improved in 2019, but we faced with Covid-19. Our target is coronavirus. We will fight the pandemic without waiting for a vaccine. We need to wear masks, and open our businesses to rebuild our economies. So it’s time for everyone to be responsible. It’s time to fight, not run away from Covid-19.
The economy cycle has stopped. Thus, we need to circulate MNT 8 trillion which was accumulated in the Central Bank of Mongolia, and coordinate budget and tax policy. I hope the new government will support this”.
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