Cabinet meeting: Small, Medium-sized Enterprise Directorate established

2020-08-12 17:33:14

Ulaanbaatar /MONTSAME/. At its regular meeting today, the Cabinet resolved the following issues.

-The Cabinet decided to submit amendment bills to the 2020 State Budget and 2020 budgets for Health Insurance and Health Insurance to the Parliament.

-The draft parliamentary resolution on 'Approval of a five-year guideline for the development of Mongolia in 2021-2025' will be submitted to the Parliament. Once the draft resolution is approved, priorities and activities of mid-term development will become clear, and real conditions will be created to implement long-term development policy.

- It resolved to establish a Directorate for Small and Medium-sized Enterprises. It will function as a key supporter to ensure goals stated in Mongolia's long-term development policy, 'Vision 2050,' outlining to "create a middle class rooted on households engaging in micro, small and medium-sized businesses as well as self-sufficient and contented living conditions." There are more than 62,000 small and medium enterprises in Mongolia. The sector employs over 800,000 people, producing about 17 percent of GDP.

- It was resolved to establish the State Committee for Physical Culture and Sports under the Prime Minister of Mongolia. The Committee aims to provide quality, equal and accessible physical activities and services to the people and improve the competitiveness and achievement of athletes to the continental, world and Olympic levels based on scientific and technological advancements.

Related news