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Daily NEWSWIRE
October 4, 2016
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Government

The Fall Session of Parliament opens  

Summary: The opening of the Parliament’s fall session was held yesterday. President of Mongolia Ts. Elbegdorj, Prime Minister J. Erdenebat, and foreign ambassadors participated in the opening. In his opening remarks, Speaker of Parliament M. Enkhbold stated, “The economy and the financial environment are facing difficulties. International organizations have warned us that economic growth has been declining since 2012, reaching 0.1-0.6 % in 2016. The unemployment rate has reached double digits for the first time since 2009. It is known that the Minister of Finance and the Bank of Mongolia’s ability to increase economic growth through monetary and fiscal policy is limited. In this situation, it is of vital importance to effectively regulate the macro-economy, to promote the private sector in every possible way, and to attract FDI in order to overcome the economic challenges. Even though the public might not like the decisions the government makes, they are to establish the base for growth in the future. In the fall session, amendments to the Law on Combating Domestic Violence will be discussed and resolved. It is expected that  amendments to the Law on Criminal Offense will be reviewed. While implementing the Law on Elections, we have witnessed several unrealistic expectations. The Mongolian presidential election, parliamentary elections, and elections for Citizen’s Representative Councils are all regulated under one law, and a review of the law and making amendments to highlight the differences between each election are planned.” 
 

Keywords: Fall Session, Parliament, government    The Daily News /page 1/


MPP forms a 2017 state budget taskforce

Summary: The Chairman and the Vice-Chairman of the MPP Caucus announced that an MPP taskforce will work on the draft of next year’s State Budget Law. The Chairman of the MPP Caucus, D. Khayankhyarvaa, stated that the government cannot approve next year’s budget, fearing political interference. He noted that projects and monetary policy should be based on practical opportunities to help overcome the nation's economic challenges as soon as possible. The Vice-Chairman of the MPP Caucus, Ya. Sodbaatar, stated, “The sum of loan payments, interest, and fines is 6.6 trillion MNT, and we will cut every possible expenditure and approve next year’s budget.” Ya. Sodbaatar will be in charge of the state budget working group, and MP B. Javkhlan will head the taskforce in charge of monetary policy.

Keywords: MPP, state budget   The National Post /page 2/


ECONOMY

Fall wheat harvest nearly complete

Summary: The Ministry of Food, Agriculture and Light Industry reported that wheat harvest stands at 50% of completion. This year, Mongolia is planning to harvest 482,000 tons of wheat and supplying grain to over 70 flour factories. According to this calculation, Mongolian suppliers will be able to meet all of domestic demand for wheat. The Ministry of Food, Agriculture and Light Industry announced that wheat harvest is set to be completd by October 15, dependent on weather conditions. In September, all regions experienced high levels of precipitation and drops in temperature. Farmers say that recent rains led to the postponement  of harvesting for a week. Some regions experienced damages to their crops, but compared to last year, when the majority of crops were lost, conditions are far more favorable.

Keywords: agriculture, harvest   The Official Gazette /page 1,11/


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Deputy Speaker of Parliament meets with the members of the Italian Parliament’s Chamber of Deputies.

Summary: The Deputy Speaker of Parliament, Ts. Nyamdorj, met with Guido Galperti and other members of the Italian Republic's lower house of Parliament, the Chamber of Deputies. At the beginning of the meeting, Ts. Nyamdorj expressed his gratitude for the recent development of cooperation between the two countries. He noted that the establishment of Italy’s Embassy in Mongolia is critical to the relationship between the two countries,  and asked the Italian representatives to cooperate in developing the agriculture, light industry, and cultural sectors. Guido Galperti thanked the Deputy Speaker for welcoming him, and congratulated the Mongolian People's Party for winning the majority seat. Galperti stated, “The year 2016 has been vital in developing the relationship between Mongolia and Italy. Mongolia has successfully hosted the 11th ASEM Summit  and the visit of the President of the Italian Senate, Pietro Grasso, and the Deputy President of the Chamber of Deputies, Marina Sereni, to Mongolia, revealing the development of the relationship between the two countries.” The two sides discussed possible ways to collaborate to develop agriculture, light industry, and culture, and to attract FDI, as well as ways to promote a favorable business environment.
 

Keywords: diplomatic relations, Italy   www.montsame.mn


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