Ulaanbaatar
Prime Minister presents new revival policy of economy during the pandemic
Politics
Ulaanbaatar/MONTSAME/. Today, September 13, a consultative meeting between the government, the private sector and investors on ‘Intensifying economic recovery amid the pandemic’ initiated by the President of Mongolia was held in the State House.
The consultative meeting aims at hearing the views and initiatives of entrepreneurs and the private sector on the legal environment for economic recovery, fiscal reform, public-private partnerships, intensification of investment, and creation of a favorable business environment.
During the meeting, Prime Minister L. Oyun-Erdene made a
presentation ‘A new revival policy to stimulate economy in a pandemic era’. At
the beginning of his presentation, the Prime Minister briefed on the current international
situation of the COVID-19 pandemic, the global transport and logistics crisis
and delays, and stressed an importance to protect and support the economy along
with protecting health during the pandemic.
A new revival policy to stimulate economy in a pandemic era aims
at ensuring political and macroeconomic stability, accelerating public-private
partnerships, creating a favorable business environment, improving the
environment for foreign and domestic investment, as well as implementing fiscal
reforms. The PM said, “The government must look at it through the eyes of
business people. We are trying to get rid of red tape through the digitalization
of public services. It is important to improve the environment for foreign and
domestic investment, maintain its stability and build a barrier-free
environment.”
Moreover, the PM introduced about the fiscal reform. Within this
frame, the reform towards increasing the efficiency, transparency,
accountability and benefits of state-owned companies will be carried out.
The ‘from welfare-to-labor’ reform aims at supporting low-income
people and people, who are able to work, through the employment rather than
welfare.
Required financing will be resolved to reduce traffic
congestion in the capital city, decentralize and ensure the urban and rural
development balance.
Adhering to a principle that the government will not perform
functions, which can be executed by the private sector, it will move to a
system where the government procures standard-quality-competition based
services.
The civil service structure will be reformed and salaries and social securities of civil servants will be improved through authorizing health, education, arts and culture and scientific organizations to spend total funding based on results, performance and quality.
