Mongolia Needs to Cut Budget by 20%, Central Bank’s Bold Says

August 30 09:12 2013 Print This Article

Bloomberg   2013-08-30

By Michael Kohn
Mongolia should cut this year’s
budget expenditures by 20% to calm concerns rating companies
will cut the nation’s sovereign rating, Sandagdorj Bold, the
chief economist at Mongol Bank, said in Ulaanbaatar today.
* Cutting the approved budget expenditures would reduce
expenditures for this year by 1.5t tugrik, Bold said.

To contact the reporter on this story:
Michael Kohn in Ulaanbaatar at +65-6212-1000 or
mkohn5@bloomberg.net

To contact the editor responsible for this story:
Gregory Turk at +86-21-6104-3037 or
gturk2@bloomberg.net

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Saranchimeg Enkhee
Saranchimeg Enkhee

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