12/15 Mongolia Business and Mongolian Daily Business News » Finance

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Mongolia Business and Mongolian Daily Business News » Finance President put veto on budget law of Mongolia December 14, 2009 at 6:18 am The State Great Khural adopts budget law of 2010 and it was presented to the President of Mongolia on December 4 2009. President Elbegdorj put veto on it. He explains that "… the issue of allocation of 1 billion MNT for each electoral district of 76 MPs collided with the fundamental principles of the Constitution of Mongolia. He expressed his disfavor as quoting "… old and ill habit of the past, converted into different shape and covered with illusionary skin but with same purpose, was repeated." When putting veto, President Elbegdorj considers that the budget law of 2010 severely breached "a member of Parliament is the messenger of people of Mongolia and protects interest of its citizens and state", 23.1 provision of Constitution of Mongolia, "… budget manager shall state investment type and size within his or her scope of work" provision 30.1.8 of Law on Management of the Budget Organization and "… not to insert construction project without its architectural drawing in the plan of the state budget investment" provision 15.2 of Law on Construction. Therefore, once this amount is distributed in the General Budget Law of 2010, the whole law is subject to the immediate veto. SGK will discuss veto of the President and the veto will be effective by the vote of 1/3 of MPs.   This email was sent to gatdemit001@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.