The ministry said contractors prioritised for payment in the most recent batch were those with verified claims of N100 million or less.
The federal government has reiterated its commitment to creating a conducive business environment that fosters private sector growth.
This move followed Wednesday’s announcement by the White House imposing a new 34 per cent tariff on China’s exports to the U.S.
According to a ministry statement on Wednesday, this marks Mongolia’s first inclusion in the upper-middle-income category since 2014
Agencies not funded by the federal government are also expected to remit 50 per cent of their generated revenues.
The plaintiffs had sought an order restraining the AGF, CBN, BPE and the ministry from interfering with AEDC’s operations and management.
