Ulaanbaatar
Draft Law on Amendments to the Budget Law of Mongolia Submitted to the State Great Khural
Politics
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.
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.”
