State SERVICE COSTS TO BE SAVED THROUGH REDUCED SALARY FOR SERVANTS

Prime Minister J.Erdenebat and Minister of Finance B.Choijilsuren made a press statement on Monday about the current state of economy of Mongolia. The officials stated that last week’s statement by the Finance Minister was the truthful information of the actual economic situation that Mongolia is facing, rather than the “cause”, according to the Democratic Party, of the recently degraded credit rating and increased rate of USD against MNT.

They noted that budget clarifications have to be made immediately, and that the State Great Khural is intending to develop the budget clarifications along with a program for overcoming the economic difficulties.

To the reporters’ question on the approaches to revive the economy, the two ministers answered that public service expenditures will be saved through reducing the salaries of public servants, and the economic growth shall be restored by attracting more international investment, promoting small and medium enterprises and continuing the mortgage loans. 

Source:http://en.montsame.mn/politics/state-service-costs-be-saved-through-reduced-salary-servants