Lawmakers from Mongolia's opposition party walked out of a parliamentary session Friday after Prime Minister Altankhuyag Norov failed to answer their queries about inflation.

During a parliamentary session on government budget, lawmakers from the opposition Mongolian People's Party (MPP) asked Norov to explain why he said inflation was stabilized while the National Statistical Office reported a higher consumer price index. Norov refused to respond to their demand, saying, "Relevant ministers will answer this question."

The lawmakers, angered by Norov's attitude, walked out of the session.

"Stop saying price is not inflated and life is good. Price of all consumer goods has increased by 10 percent to 20 percent. The economy is falling. The international reputation of Mongolia is falling. You are isolated from everyday reality," said Enkhbayar Jadamba, a lawmaker from the MPP.

The session is expected to resume next week. Norov, chairman of the ruling Mongolian Democratic Party, on Friday proposed a cut of government expenditure by 814 billion tugrug (480 million US dollars), so as to halt growing inflation and keep the budget deficit at 2 percent of GDP.