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Radish-like budget

Jargal DeFacto_Poster Name card (1)-1

Following the recent dismissal of the government, Mongolia came close to being left without a parliament. The parliament was supposed to be dismissed if they were not able to ratify the 2015 state budget by November 14. The state budget was approved in a panic, at the last minute, after the parliamentarians – having held [...]

November 23rd, 2014 | Posted in Opinion | Read More »

Open letter to Mongolian political leadership

By Julian Dierkes I am traveling to Ulaanbaatar from Yangon, Myanmar, just as your ranks are being reconfigured into a new government. It is encouraging to see another peaceful change of leadership that responds to the will of parliament, and thus, signals the solidity of democratic institutions. While Mongolia may well be an example for [...]

November 23rd, 2014 | Posted in Opinion | Read More »

Should we keep importing electricity?

editorial

Trans. by D.SERGELEN Supplying electricity to a country where only three million people live is not a hard job, but it would be tough if there were only a few power plants in operation or if electricity was being imported from neighboring countries. The Ministry of Energy has calculated that Mongolian energy demand has increased [...]

November 18th, 2014 | Posted in Opinion | Read More »

Achieving Macro-economic stability part II

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By Cameron McRae, Founding President of INS The strength of an organization is often measured in how it responds to harsh conditions. Great organizations thrive in the good times and survive well during the hard times. Often these organizations save during the good times to ensure they have resources in place to borrow against for [...]

November 18th, 2014 | Posted in Opinion | Read More »

Discriminatory tax

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The economy of an entire county is measured by its GDP, or the final selling price of all the goods and services produced during that year. It can also be calculated by adding together all the products and services purchased, all investments, government spending, and net exports. Government spending is measured by the entire fiscal [...]

November 17th, 2014 | Posted in Opinion | Read More »

Flexible monetary policy relies on a sound state budget

zoljargal hartsaga (2)

Trans. by D.SERGELEN  Monetary policy for 2015 was recently approved before the state budget was supported in Parliament. Next year’s monetary policy aims to meet macroeconomic equilibrium and fix a steady rate of inflation. For example, inflation will be recorded at seven percent, a decrease from the current rate of 12.1 percent. The Director of [...]

November 17th, 2014 | Posted in Opinion | Read More »

Nehmeliin Shar faces rocky renovations

nehmeliin shrat hartsag (8)

Trans. by B.Narantuya The apartments of Nehmeliin Shar are very old and ready to be demolished. Authorities have made official statements about the poor conditions of the buildings. As a result, reconstruction of the apartments has been planned, but residents have faced conflicts with the district in seeing those plans carried out. Mayor of Ulaanbaatar [...]

November 16th, 2014 | Posted in Opinion | Read More »

What is behind the lavish bonuses for tax officials?

tatvarin erunhii gazar khartsaga

Trans. by D.SERGELEN  The heads of the city’s taxation departments received up to nearly 800 million MNT in cash bonuses for exceeding budget planning for collected taxes. As citizens and residents of Mongolia, all workers are required to pay taxes that make up the state’s funds. We believe that we will get something valuable for [...]

November 16th, 2014 | Posted in Opinion | Read More »

Frantic Taxers

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Why must there be taxes? It’s because it was decided that citizens were all to contribute to financing the government, whose primary role is to organize security to protect the three basic rights of people: life, liberty, and property. Through social progress, the government’s duties were expanded to provide education and protect health. Of the [...]

November 9th, 2014 | Posted in Opinion | Read More »

Who will be chosen as the next PM?

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Trans. by D.SERGELEN As soon as the “Government for Changes” collapsed and Prime Minister N.Altankhuyag handed over the State Seal, rumors among the public arose about who would be the next Prime Minister? D.Dorligjav, Ch.Saikhanbileg, Lu.Gantumur, Z.Enkhbold, R.Amarjargal and Kh.Battulga were at the top list for potential candidates to serve as the next Prime Minister, [...]

November 9th, 2014 | Posted in Opinion | Read More »

Recently Commented

  • jed: beautiful art. wonderful idea. thanks!4
  • James mccormack: Agreed. You need the Devils advocate, multiple parties, but need to work together to solve common goals without ulterior...
  • Ann Altman: VAT is a REGRESSIVE tax (a term that I’ve had to explain in Mongolia). The rich have no trouble paying extra money, as...
  • Ann Altman: I applaud all citizens who question the legality of construction projects in UB. It is a scandal that ANY construction has...
  • Undra: wow, nice :)