During the 2025 spring regular session of the State Great Hural (Parliament) of Mongolia, the Standing Committee on Budget had nine laws adopted within its mandate. These included the Fiscal Framework Statement for the 2026 consolidated budget of Mongolia and the budget projections for 2027–2028; the Law on Repealing the Law on Exemption from Customs Duty; the Law on Amending the Fiscal Framework Statement for the 2025 consolidated budget of Mongolia and the budget projections for 2026–2027; the Law on Amending the 2025 State Budget Law of Mongolia; the Law on Amending the 2025 Budget of the National Wealth Fund; the Law on Amending the 2025 Budget of the Social Insurance Fund; the Law on Amending the 2025 Budget of the Health Insurance Fund; the Law on Amending the Law on the Budget; and the Law on Amending the Law on Fiscal Stability.

Furthermore, a total of fourteen resolutions of the State Great Hural were adopted under the purview of the Committee. These included the resolution on the appointment of the Auditor General of Mongolia; the approval of the Government’s Debt Management Strategy for 2026–2028; the approval of the 2024 State Budget Performance of Mongolia; the appointment of a non-staff member of the Financial Regulatory Commission; the resolution on certain implementation measures for the “Gold-2” initiative; and the resolution on certain measures arising from the adoption of the Law on Amending the 2025 State Budget Law of Mongolia.

In addition, the Standing Committee adopted thirteen of its own resolutions, including those related to the establishment of working groups, the scheduling of public hearings for nominees and the appointment of hearing chairs, and amendments to committee resolutions. Within the framework of preparing for the review and discussion of reports and information submitted by the Government and other relevant bodies, the Committee also heard and discussed the 2024 activity report of the Fiscal Stability Council; the report of the National Audit Office on the 2023 revenue, expenditure, and performance of the Local Development Fund; and the implementation report on the Government’s Debt Management Strategy for 2023–2025.

In order to ensure public participation in the legislative and oversight activities of the State Great Hural (Parliament), the Standing Committee discussed two public petitions submitted through the electronic petition system “D Urgudul” on the website parliament.mn, concerning matters of public interest. These included a petition submitted by citizen E. Batbayar requesting the annulment of the recent increase in vehicle tax in Ulaanbaatar, and another submitted by citizen R. Shinegerel proposing that the personal income tax rate specified in Article 6.3 of the Law on Personal Income Tax be reduced to 1 percent.

The Committee also discussed the performance audit report by the National Audit Office on the “Implementation and Outcomes of Geological Surveys Funded by the State Budget,” in connection with Resolution No. 03 of 2025 issued by the Standing Committee. Following this, it reviewed the findings and proposals of a working group tasked with examining the structure, functions, legal and regulatory framework of the government agencies involved in the audit, and with formulating recommendations for improving the planning, budgeting, and financing of geological surveys in alignment with Mongolia’s long-term development policy, as well as for developing a medium-term sectoral program for the geological sector.

Moreover, pursuant to Resolution No. 04 of the Standing Committee, a working group was established to prepare recommendations and a draft resolution in response to the performance audit report by the National Audit Office concerning the investment, financing, and impact of the Oyu Tolgoi project. In collaboration with the Government and the National Audit Office, the working group prepared the agenda items for discussion and developed a draft parliamentary resolution for consideration by the Standing Committee and the Plenary Session of the Parliament.

Тhese activities were carried out as part of the committee’s mandate to review and oversee matters of significant public concern.