Today (1 September 2025), Prime Minister of Mongolia G. Zandanshatar submitted to Chairman of the State Great Hural (Parliament) D. Amarbayasgalan the draft Law on Amendments to the Law on the Medium-Term Budget Framework for 2026 and the Budget Projections for 2027–2028, as well as the draft Law on the State Budget of Mongolia for 2026.

Although the Medium-Term Budget Framework for 2026 and the 2027–2028 budget projections had initially set the balanced minimum revenue and maximum total expenditure of the consolidated budget at MNT 33.4 trillion, global economic uncertainties created a risk that this target might not be met. Consequently, the draft law proposes amendments to adjust the budget framework. The draft projects real economic growth of 5.7% in 2026, 6.3% in 2027, and 6.5% in 2028.

For the first time, the government developed the 2026 budget proposal based on public input, gathering opinions from 186,000 citizens through the E-Mongolia digital platform, and conducting public consultations with budget administrators that involved approximately 239,000 participants. A total of 8,800 suggestions were received (including duplicates), reflecting broad citizen participation in the budget process, as highlighted by the Prime Minister.

The 2026 consolidated budget is planned with balanced revenues of MNT 31.6 trillion and total expenditures of MNT 32.98 trillion, resulting in a deficit equivalent to 1.3% of GDP. The Government of Mongolia aims to ensure fiscal stability in 2026, limit the growth of budget expenditures, 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, the Prime Minister emphasized.