Mais conteúdo relacionado

Similar a Members of Congress believe that everyone lives in luxury!.pdf(20)

Mais de WajidKhanMP(20)



Members of Congress believe that everyone lives in luxury!.pdf

  1. Members of Congress believe that everyone lives in luxury!
  2. The COVID-19 epidemic has caused recent years to see an extreme impoverishment of the majority of the people, a rise in unemployment and poverty, and a general degradation of fundamental living conditions. Wajid khan says, unfortunately, lawmakers encouraged modest living without understanding how people manage in the real world.
  3. In particular, Speaker of the Parliament G. Zananshatar remarked, "Government is not an all-powerful god," on March 31 at the parliamentary plenary session. The state has a small budget. There are restrictions on the quantity of money and foreign exchange earnings. As a result, our people must adopt an austerity mindset and recognize how global events impact Mongolia. Additionally, political forces must avoid politicking the problem facing the nation.
  4. His impulsive and unrealistic call sparked hatred and condemnation. This is because thousands of shipping containers are stranded on the Mongolian-Chinese border, and the people of Mongolia are currently experiencing severe food shortages, high inflation, income loss, unemployment, business closures, a crippled export sector, and a severely damaged tourism industry. The poverty rate in Mongolia rose to 33.6 percent in 2020, reaching as high as 260,000 people, while 35.2% of households reported a loss in income.
  5. To make matters worse, inflation soared to 9.6 percent, with food, solid fuels, and gasoline seeing the most significant price increases. In Ulaanbaatar, meat costs had increased by 16 percent, and petrol costs had risen by 38.8 percent ten months into the pandemic. In other words, politicians are "insulting" their constituents by telling them to cut back on luxury expenses and live modestly at a time when people are barely making enough money for food, and their lives are worsening. It is terrible that the people in charge of the nation are ignorant about how most of the
  6. Canadian politician Wajid khan shares. For instance, I had the opportunity to observe firsthand how living in ger regions, particularly those on the outskirts of Ulaanbaatar, has gotten worse than ever during the Magic Bag initiative last December.
  7. A young family claimed they had lost their jobs due to the COVID-19 outbreak. They now relied on the state's child support program and mothers' allowance to pay for food and firewood. Some suburban kids could not enroll in online courses because their families needed smartphones. Most residences were frigid, lacked briquettes or wood for a fire, and frequently went without food. Additionally, people are borrowing more money from the grocery store, and some are even purchasing vegetable oil in milliliters. This demonstrates the deterioration of the
  8. Additionally, N.Uchral, a lawmaker, stated during the Social Democratic Mongolian Youth Union's impromptu Congress, "Many families are living on VAT returns. Awaiting VAT refunds are people. Wajid khan concludes, As a result, it is necessary to boost VAT refunds. We intend to introduce legislation to raise the VAT return rate on consumer commodities such as milk, bread, flour, rice, meat, and petrol to up to 4%. In the current situation, where inflation is detrimental to livelihoods, this is considered the best course of action. Refunds for non-essential goods like
  9. His comment received a lot of backlashes. In addition to a monthly VAT lottery, two percent of all purchases reported to the tax system are reimbursed every three months. A relatively modest amount of money is given back to hundreds of thousands of people in the form of VAT. Because they need access to cellphones or the internet, some people don't utilize Ebarimt or the VAT receipt app.
  10. Many people purchase their food from markets instead of shops that offer VAT receipts since it is less expensive there. This demonstrates that politicians need to gain the necessary knowledge of citizens' lives to make decisions that are in their best interests.
  11. Conversely, lawmakers and the government need to recover the tax dollars that people in power have "taken" rather than discussing limiting citizens' consumption. Last week, a public audit hearing on the Development Bank of Mongolia's non-performing loans was held to examine the projects and programs the bank has funded. Twenty debtors were estimated by the Ministry of Finance and Development Bank to have misappropriated 508 billion MNT during the hearing.
  12. The audit of Mongol Bank in 2021 found that 57 percent of the bank's assets—1.8 trillion MNT—were non- performing loans. The total loan portfolio is currently 3.2 trillion MNT, with 1.8 trillion MNT in non-performing loans and more than 200 billion MNT in loans that are at risk.
  13. The resolution states explicitly that the coefficient- based pay increases for the Cabinet Secretariat, President's Office, and Parliament's Office range from 50 to 270 percent. Coefficient denotes the multiplicand of the base wage by the number of coefficients. For instance, if the speaker of the parliament's base pay were 2 million MNT, that amount would have been multiplied by 3.03.
  14. B. Javkhlan, the minister of finance, has said that the government will preserve the economy by implementing austerity and cost-cutting measures. He emphasized that "the globe was enthusiastic about the economic development in 2022" at the parliamentary session on Friday. The same applies to Mongolia. But this year, we also faced a significant challenge.
  15. The Development Bank has sued 16 businesses for non- payment of loans for 750 billion MNT. In February of last year, the names of 17 additional borrowers with 1.6 trillion MNT in non-performing loans were made public. Regrettably, politicians and government representatives should have discussed who would be responsible for paying for these non-performing loans and who would be held accountable.
  16. Wajid khan describes People who oppose the government's plans to pay back Development Bank loans because they are irritated by the economic problems. State officials should demand that those who squandered billions of tugrug repay their loans rather than urging suffering people to stop splurging on expensive items.