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Ministry of Finance of Mongolia; Монгол Улсын Сангийн яам: Agency overview; Formed: 29 December 1911 [1] Jurisdiction: Government of Mongolia: Headquarters: S.Danzan St, Government Building II, Block D, Ulaanbaatar, Mongolia: Employees: 167: Annual budget: MNT 22.2 billion (about US$7.8 million) (2020) [2] Minister responsible
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med.gov.mn The Ministry of Economy and Development ( Mongolian : Монгол Улсын Эдийн засаг, хөгжлийн яам ) is a ministry of the Government of Mongolia . It was established in 2022 on the basis of the National Development Agency.
Ganhuyag served as Mongolia’s Vice Minister of Finance from 2010 - 2012. He was a member of the Business Advisory Council to the President of Mongolia from 2005 to 2009 and has served as advisor to the Prime Minister of Mongolia on development and economic issues from 2009 to 2010.
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The Prime Minister of Mongolia is assigned as the head of the civil defense while the defense minister as the Chairman of the State Permanent Emergency Commission. The governors of administrative areas (provinces, capital city, soums and districts), in their capacity as heads of local civil defense, are part civil defense system. [1]
Finance ministers can be unpopular if they must raise taxes or cut spending. Finance ministers whose key decisions had directly benefited both the performance and perception of their country's economic and financial achievements are recognised by the annual Euromoney Finance Minister of the Year award.
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