Special Parliament session passed 20 laws

Parliament Speaker D.Demberel, the head of the Standing Committee on the Budget, Ch.Khurelbaatar, and the head of the Standing Committee on the Economy, Ts.Bayarsaikhan, held a press conference yesterday, as is customary after the end of a session of Parliament. The last session that started on February 12 was a special one, called to discuss problems in banking, finance and the economy.
The session approved nearly 20 laws including one on the revised Budget, another guaranteeing bank deposits, and another on use of money in the Mongolia Development Fund.
Demberel said Parliament had approved measures to save MNT300 billion by imposing cuts on various expenses, but had decided not to touch salaries of Government employees, nor to curtail expenses on the health and education sectors, and on programs to create jobs. Reductions were made in order to meet the IMF suggestion to keep the budget deficit at less than six percent of the GDP.
An agreement has also been reached whereby Mongolian travelers to South Korea would get a 90-day visa.