Mongolia Submits Draft Law on 2026 State Budget

On September 1, 2025, Prime Minister G. Zandanshatar submitted the draft Law on the State Budget of Mongolia for 2026 to the Chairman of the State Great Hural, D. Amarbayasgalan. This submission includes proposed amendments to the Medium-Term Budget Framework for 2026 and budget projections for 2027–2028.

Key Highlights

• Economic Growth Projections: The draft law projects real economic growth of 5.7% in 2026, 6.3% in 2027, and 6.5% in 2028.
• Budget Figures: The 2026 consolidated budget plans for revenues of MNT 31.6 trillion and total expenditures of MNT 32.98 trillion, resulting in a deficit equivalent to 1.3% of GDP.
• Public Participation: For the first time, the budget proposal was developed based on public input, gathering opinions from 186,000 citizens through the E-Mongolia digital platform and public consultations involving approximately 239,000 participants.

Focus Areas

The government aims to ensure fiscal stability, limit expenditure growth, increase citizen incomes, and maintain or improve the quality and accessibility of core social services. Particular attention will be given to seven key areas based on public feedback: education, healthcare, social insurance, welfare, energy, and tax refunds.

This draft law reflects Mongolia's commitment to transparent governance and inclusive policy-making, aligning fiscal strategies with the needs and priorities of its citizens.