Draft Law on Amendments to the Budget Law of Mongolia Submitted to the State Great Khural

Politics
ooluun@montsame.mn
2024-12-02 17:22:03

Ulaanbaatar, December 2, 2024 /MONTSAME/. Minister of Finance of Mongolia Javkhlan Bold submitted the draft Law on Amendments to the Budget Law of Mongolia to Chairman of the State Great Khural Amarbayasgalan Dashzegve.


The draft Law was submitted by the Government of Mongolia for urgent consideration in accordance with Article 33.1 of the Law on Procedure of the State Great Khural Sessions. The President of Mongolia vetoed the Law on the State Budget for 2025 and related laws on November 20, 2024. The State Great Khural accepted the veto on November 22, 2024. 


During its session on November 29, 2024, the State Great Khural repealed the Law on the State Budget for 2025 and approved the Resolution on Measures to Be Taken in Connection with the Invalidation of Laws and Resolutions. The Resolution stipulated that the Government of Mongolia should submit the Draft Law on the State Budget for 2025 to the State Great Khural by December 10, 2024.


According to the state budget approval schedule, specified in Section 8.4 of Article 8 of the Budget Law, the Government shall submit the annual budget draft to the State Great Khural by September 1, and the State Great Khural shall approve the annual budget draft by November 15. Therefore, the Government developed a draft Law on Amendments to the Budget Law to add Article 321 to the Budget Law, which states “Resubmitting and approving the budget draft.”

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