Speaker meets with entrepreneurs

Oyundelger 2017-04-18 06:04

Politics

In response to eight demands made by the Mongolian National Chamber of Commerce and Industry, Speaker of Parliament M.Enkhbold met with MNCCI President B.Lkhagvajav.

Speaker meets with entrepreneurs. In response to eight demands made by the Mongolian National Chamber of Commerce and Industry (MNCCI), Speaker of Parliament M.Enkhbold met with MNCCI President B.Lkhagvajav and representatives of local businesses to discuss the current economic situation and amendments to the 2017 state budget. The businessmen stated that there should be a monitoring mechanism to review how the government spends taxes collected from entrepreneurs. MNCCI President B.Lkhagvajav said that entrepreneurs are in support of the Government of Mongolia’s collaboration with the IMF to deal with the economy, but that they disagree with the government’s policy to overcome challenges by increasing taxes. He noted that the government needs to carry out smart and competent policy, cut operational expenditures for government officials, privatize state-owned companies that are operating at losses that harm the business environment, and properly explain to businesses why tax increases must be carried out. Mr. Speaker M.Enkhbold pointed out that Parliament and Cabinet are working together to strengthen discipline, ensure accountability, enhance the legal and regulatory environment for foreign and domestic investors and entrepreneurs in Mongolia, and to reduce state involvement in businesses. The Speaker said that he hopes entrepreneurs understand that Mongolia was left with no choice but to pursue an IMF bailout, so the state and private sector need to discuss matters related to the rights of businesses.