2014 Proclaimed ‘Year of Made in Mongolia’

Tgs 1 trillion to be spent on industrialization
Prime Minister N.Altankhuyag details plans to develop exporting industries
Prime Minister N. Altankhuyag announced that the government declared 2014 as the ‘Year of Made in Mongolia’. This proclamation was made on January 9, 2014 at an event to introduce government’s goals in 2014 and specially targeted issues and measures to be realized. Although Mongolia’s economic growth is high, it imports 88 percent of total commodities and produces only 12 percent of its consumption domestically. However, it has a vast territory with 45 million head of livestock. “Mongolia imports 74 percent of its dairy consumption and 41 percent of flour and flour products and 62 percent of textile clothes. In order to end the state’s being import dependent, the time has come to produce as much as possible in Mongolia. In 2014, Tgs1 trillion will be spent on supporting production that will increase exports and replace imports”, said the government.
In 2013, Tgs270 billion was spent from Chinggis Bonds on promoting the output of diary, meat, wool, cashmere, garment, textile and greenhouse manufacturing. The remaining Tgs360 billion will be dedicated to support industrialization in 2014. Additionally, they plan to use Tgs450 billion worth bonds sold in Japan for industrialization projects. Not only taking measures to support industrialization and decrease imports, the government is also forwarding a goal to increase jobs, improving households’ living standards, combating bureaucracy, corruption and creating favorable conditions for businesses. Last year, over 51,000 new job places were created; but this year, they plan to offer another 50,000 new jobs. They intend to train about 7,000 professional workers aged above 24 and implement a program of part time jobs and summer job for students. It will decrease the pressure of VAT for small scale entities. Moreover, a special program will be carried out to spend Tgs3.2 billion for encouraging employment of people aged over 40 and Tgs3.5 billion for supporting young herdsmen. Furthermore, they are building 85 kindergartens, 80 secondary schools and 26 hospitals this year.
“It is important to create favorable business conditions. A considerable achievement was observed last year. In this regard, Mongolia ranked 88th in the world in 2012 and 76th last year. The government will work hard for further increasing this progress and continue projects such as shifting into electron signature, defining ownership of state property, reducing special licenses, reforming professional inspection and creating new convenient condition for investment.” highlighted PM N.Altankhuyag.
“Within the framework of the objective to combat with the state bureaucracy and corruption, we will step towards a reform policy of ‘transparent smart government’ by increasing the number of state service electronic machines and creating possibilities for the people to receive about 30 public services through cell phones and online. A public enquiry center ‘11 11’ plays an important role for the people accessing needy information; so this center will be expanded. Furthermore, we will take measures such as conducting health services and prescriptions electronically, creating transparent an account and transparent tender, exposing State Budget planning and expenditures to the public and carrying out the selection of industrialization projects initiated by the government openly”, said Mr. Altankhuyag.
“The government is paying more attention to an objective that aims at converting aimag centers to a town status. Within this framework, we will spend Tgs150 billion on the promotion of aimags. They will launch construction work to build 1,000 household apartments in each aimag.
Presently, we are constructing health diagnostic centers in 12 aimags that will be put into operation this spring” PM Altankhuyag emphasized.
In 2013, centers of 4 aimags were connected with Ulaanbaatar by asphalt roads and a total of 1,800 kms of paved roads were newly constructed. We are connecting the aimag centers of Dornod, Sukhbaatar, Umnugobi, Khuvsgul, Gobi-Altai and Zavkhan with Ulaanbaatar by asphalt roads in 2014. Under the umbrella of a project ‘Street’, we will renew 15 road junctions in Ulaanbaatar. We plan to launch building highway construction work and speeding up construction of the new railway and new international airport in Khoshigt Valley. For the energy sector, we will put an Amgalan thermo-electric center and extensions of power plant # 3 and 4 into operation this year.
We will continue a program to provide households with apartments, and plan to house 30,000 families with apartments in 2014. About 17,000 citizens were involved in a program for apartment loans with interest of 8 percent per year. Mr. Sansarbayar heads one of the families involved in the loan program. He pays 443,000 for the loan saving Tgs339,000 a month and Tgs40-50 million over the 15-year loan term”, Cited Prime Minister Altankhuyag.
The government hopes that economic growth will arrive at 14 percent and GDP will reach Tgs21 trillion by implementing a goal to encourage industrialization in 2014.
Prime Minister Altankhuyag said, “2013 was a year to test strength of Mongolians and the Mongolian state and the government. It was a year where world economics declined, China’s economic growth decreased and investment directed at developing countries lessened. Foreign investment to Mongolia also decreased. However, we created much thanks to the support, participation and efforts of the Mongolian people.”
He went on to say that some of the successful works done by the government are the Chinggis Bonds and the launch of the great construction work. In association with the Bank of Mongolia, the government has carried out a program for stabilizing prices. Also, the government made a great effort to increase jobs and implemented a program for apartment loans with an interest rate of 8 percent per year. Moreover, they constructed 1,800 kms of asphalt roads in 2013.



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