ID :
95260
Wed, 12/16/2009 - 17:57
Auther :

NCDR: ECONOMIC GROWTH TO REACH 7.4 PER CENT NEXT YEAR

Ulaanbaatar, /MONTSAME/ The National Committee of Development and Reform (NCDR) has done a calculation the economic growth in Mongolia.
As it claims, the economic growth will reach 1-1.5 per cent this year, 7.4 per cent next year, and 12.5 per cent--in 2015.
According to the calculation, the annual economic growth will rise by approximately 12.5 per cent due to putting into economic circulation the biggest strategic mineral deposits in 2010-2015.
Strategic projects that will greatly push the economic growth are puttin into use a 47.5 km Nariin sukhait coal mine-- the Shivee khuren border checkpoint railway, a 266 km railway in route Ukhaa-khudag--Oyu-tolgoi--Gashuun sukhait border checkpoint.
The Oyu tolgoi gold-and-copper mine, the Mardai, Dornod and Gurvanbulag's mines of uranium ore and other biggest mines will go into operation as well.
In the years, external trade total turnover will increase up to 24.4 per cent, the budgetary deficit--which is now equivalent to five per cent of the Gross Domestic Product (GDP)--will reduce and thus will have profit from the year 2012, says the NCDR.
B.Khuder
17.46



X