President submits draft resolution to support every household with MNT 1 million
PoliticsUlaanbaatar/MONTSAME/. Today, President Kh. Battulga has
submitted a draft parliamentary resolution to distribute support of MNT 1
million to every household from the money withdrawn from offshore accounts.
In connection with COVID-19 prevention and combat, individuals and
businesses' activities have been restricted for nine months and halted for a
total of 38 days, which subsequently creates a risk for livelihoods to lose incomes
or have no earnings at all, and national enterprises to go bankrupt. The
country's economy is in a state of disrepair.
For this reason, President Battulga drafted a parliamentary
resolution on ‘Special measures to overcome the impoverishment and social
and economic difficulties caused by the coronavirus pandemic’ to implement the
policy and measures to provide a ‘MNT 1 million per household’ support, and submitted
it to the Speaker of the Parliament G.Zandanshatar today.
The draft resolution states to allocate MNT1 million per
household, of which MNT 200,000 should be given in cash and the remaining MNT
800,000 by a voucher for the purchase of goods and products, except for alcohol
and tobacco, from only domestic producers, and resolve the required financing
with offshore sources. In doing so, the money withdrawn from the offshore accounts
shall be deposited in a particular government account at the Bank of
Mongolia.
To overcome the pandemic, the President considers that it
needs to take optimal and practical measures such as providing cash allowance to
citizens and promoting manufacturers and businesses through the purchases, and
promptly implement actions by learning experiences of world countries.