During the meeting, discussions centered on:
- Increasing foreign direct investment.
- Creating a favorable legal environment for investment.
- Reforming the Social Insurance Fund to establish a multi-pillar savings-based pension system.
- Expanding access to the health insurance fund.
Additionally, the members of the CEO Club proposed gradually increasing VAT refunds to citizens. This measure aims to:
- Improve enterprise income registration.
- Uncover the hidden economy.
- Standardize the competitive environment within the private sector.
- Boost other tax revenues for budgeting.
- Reduce the tax burden on citizens.
The suggestion involves a balance of reducing and increasing economic circulation. The Mr. Zandanshatar Gombojav, Speaker of the State Great Khural (Parliament) of Mongolia, emphasized the importance of developing final product production to ensure a stable economy. He called upon the private sector to take proactive steps in this direction. Furthermore, he committed to examining the suggestions and solutions put forward by the CEO Club members once he receives additional information from the Government and relevant ministries.