Overview
- Finance Minister Z. Mendsaikhan submitted the bill Thursday, and the plenary later agreed to open debate under urgent procedure.
- The proposal would let spending from foreign loans for the Oil Refinery and the 90‑MW Erdenebüren hydropower plant sit outside the annual spending ceiling and deficit limit that now constrain disbursements.
- The draft is tightly scoped to those two projects, applies only during their construction period, and requires the government to report progress and publish financing and implementation details.
- If passed, the change could accelerate loan use and construction that officials say have lagged because current budget rules count these costs inside the unified cap.
- The Petitions Committee, which met Wednesday with representatives for more than 600 buyers harmed in pre‑sale housing projects, set a June 1 deadline for cross‑agency remedies and policy fixes.