In according with the “2016 State Budget Law ”, the operation to close down the State Property Commission (SPC) has started. The Government has tasked Ts.Bayartsogt, the director of the Governmental Authority to close down the SPC by 15th January. Also, during a regular session of the Government, held on 4th January, the decision to dismiss the SPC Director Ts.Nanzaddorj was discussed. The official responsibilities of the Commission will be transferred to the Ministry of Finance.
In addition, a working team to close down the SPC, consisting of representatives of the Ministry of Finance, Ministry of Justice, Governmental Authority, the Commission itself and the General Archival Authorty has also been set up. This will be responsible for the closure, privatization and auction of state property, and to transfer the registration and auditing activity to the Ministry of Finance.