The Government of Mongolia is taking debts by selling securities in domestic market and bonds in international markets. The bonds issued by the Government reached MNT 1 trillion and 164 billion in July 2016. However, the Government has not even paid the interest payment on its previous debts. 
In 2018, Mongolia must repay a total of USD 660 million bonds to international investors. Although, State Secretary of the Minister of Finance B.Nyamaa presented a plan to replace these bonds by issuing new bonds. Thus, foreign debt payment might account the largest part of the state budget in next year. At least, the new bonds must have low-interest rate and long-term.
In March 2017, when a USD 580 million bond issued by Development bank of Mongolia came in due, the Government replaced it by a new bond, named Khuraldai. 82 percent of the lenders and investors of Development bank of Mongolia`s USD 580 million bond agreed the replacement while remaining 18 percent of the owners wanted to take the bond payment and its interest payment. Then the Government paid a total of USD 104 million to these foreign lenders. 
In such way, the country is easily delaying its debt repayment and living from loan to loan.