adb calls for balanced mongolia
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

ADB calls for balanced Mongolia

Arab Today, arab today

Arab Today, arab today ADB calls for balanced Mongolia

Ulan Bator - Xinhua

The Mongolian government should review and re-direct government expenditure to critical areas such as transport, energy, water, education and health care to ensure sustainable economic growth, an expert of the Asian Development Bank (ADB) said here Wednesday. The Mongolian government budget for 2012 had very substantial increase in public investment including infrastructure investment which is very necessary to develop the country's natural resource sector, to diversify the economy and to enhance general and inclusive growth, said Jan Hansen, a senior financial specialist of ADB resident mission in Mongolia. Speaking at a launch ceremony of ADB's flagship annual economic publication Asian Development Outlook, Jansen emphasized that the government should ensure that the country's macroeconomic stability was preserved and inflation was kept at a low and acceptable level. According to the ADB report, Mongolia's gross domestic product could grow 15 percent in 2012 and 17.5 percent in 2013, driven by mining-related investment and output. Mongolia's economy expanded by 17.3 percent in 2011. The report also noted Mongolia's economy was developing rapidly, but fiscal policy must balance the need for macroeconomic stability and support for long-term economic growth that benefits all Mongolians. Government spending rose by 56 percent in 2011 and was budgeted to rise by a further 32 percent this year, fueled by sharply rising resource revenues. The country's inflation increased to 12.5 percent in February 2012 and is expected to remain in double digits in the coming two years. The over expansionary government spending and high inflation are considered to be the major potential risks for the Mongolian economy.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adb calls for balanced mongolia adb calls for balanced mongolia

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adb calls for balanced mongolia adb calls for balanced mongolia

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday