Member of the Parliament and Chairman of the Standing Committee on Budget Ts.Davaasuren held a meeting with a delegation led by Tahsin Saadi Sedik, Head of the Working Group on Article 4 of the International Monetary Fund (IMF), to discuss Mongolia’s current economic and fiscal situation.
At the outset of the meeting, Chairman Ts.Davaasuren acknowledged the long-standing and productive partnership between Mongolia and the IMF. He provided an overview of the nation's current budget and financial conditions, noting that the newly formed 126-member parliament is prioritizing fiscal discipline. As part of this effort, the parliament aims to maintain the 2025 state budget at the same level as 2024, thereby halting the trend of excessive budget expansion in recent years.
However, Ts.Davaasuren also addressed growing concerns regarding potential shortfalls in budget revenue caused by the declining price of coking coal, Mongolia’s primary export commodity. He expressed support for the newly appointed prime minister’s decision to propose a budget amendment focused on austerity and stricter fiscal policy measures in response to this risk.
To better understand the causes and impacts of recent rapid increases in public spending, the Standing Committee on Budget has established a dedicated working group to investigate and analyze these developments.
Tahsin Saadi Sedik, representing the IMF, thanked Chairman Ts.Davaasuren for meeting with the delegation despite his demanding schedule. He confirmed that the IMF had completed its preliminary assessment of Mongolia’s economic landscape under Article 4 and would soon present its findings and recommendations. Sedik reaffirmed the IMF’s continued commitment to supporting Mongolia through technical cooperation and policy guidance moving forward.

Published Date:2025-06-17