2015 city budget draft to undergo City Council discussion


The 2015 city budget draft was ratified to undergo discussion during the City Council Presidium meeting held on November 25.
Under the Law on 2015 Budget and the City Governor’s 2013-2016 Action Plan, the draft on the 2015 city budget was carried out with the involvement of citizens and submitted to the City Council last week, in accordance with the relevant laws. The City Council Presidium meeting has resolved to review the 2015 city budget draft through two discussions by the City Council. The first discussion will take place on November 27, and the second on December 4.
A discussion to disseminate the 2015 city budget draft to citizens and include public proposals and suggestions in future revisions was held on November 19. According to the draft, the 2015 city budget income was estimated to be 575 billion MNT, up by 42.6 billion MNT from the preliminary estimate of 2014’s city budget income. The Ulaanbaatar City Taxation Department is expected to provide 82.4 percent of 2015’s budget income, the City Office for Property Relations is to provide 11.8 percent, and other departments will be responsible for the remainder.
As for city expenditure, city authorities have planned to save 57 billion MNT. The breakdown of the city budget expenditure allocation for 2015 is as follows: 2 billion MNT for the Credit Guarantee Fund, 5.6 billion MNT for implementation of the Friendly Ulaanbaatar Program, 53.1 billion MNT for public transportation expense substitution, 172.1 million MNT for ger area development and the Investment Support Program of Asian Development Bank, 95 billion MNT to the welfare fund, and 66.4 billion MNT for city landscaping projects.
In addition to the city budget draft, the following issues are set to be addressed at the discussions: the implementation of city objectives for 2014, economic and social objectives of the city for 2015, a list of city properties to be privatized in 2015, the city’s property concession list, and 2015 land management plan.

Short URL: http://ubpost.mongolnews.mn/?p=12619

Posted by on Nov 25 2014. Filed under Business & Economics. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

4 + = 8

Recently Commented

  • Oyun: www.theblueeconomy.org
  • Honheree: It is a sad and awful sight to see so many animals dead from dzuds. These have happened in the past and since 2004 there have...
  • Harvey Dent: Mongolia does not get 476,000 tourists a year. Its gets 476,000 arrivals, most of these are Chinese construction workers....
  • Honheree: It is good but unusual that a Mongolian is so forthright. I am D. Ganbold will be criticised by Mongolians for telling the...
  • Honheree: Be thankful Mongolia is so cheap. In USA lamb in stores costs 69,281 MNT /kg and sirloin which is cheaper cut of beef is...