The State Great Khural (Parliament) of Mongolia ratified the 2026 Budget Law during its plenary session on November 12, 2025.
Under the enacted legislation, the 2026 state budget forecasts total revenue of MNT 31.93 trillion, equivalent to 31.2 percent of GDP. Total expenditure is estimated at MNT 32.98 trillion, or 32.2 percent of GDP, resulting in a fiscal deficit of MNT 1.05 trillion, representing -1.0 percent of GDP.
Key allocations under the 2026 Budget Law include:
MNT 518.62 billion allocated to raise the base salary for teachers.
MNT 190.3 billion earmarked for a 15 percent salary increase for doctors and medical staff.
MNT 145 billion is designated to support an 8.6 percent increase in pensions for the elderly.
A 20 percent increase in both disability pensions and child support allowances, raising monthly payments to MNT 80,000. This adjustment is expected to raise expenditures by MNT 29.3 billion, with total related spending reaching MNT 969.12 billion.
To offset the impact of increased spending, the 2026 budget introduces expenditure rationalization measures, including a reduction of MNT 990.17 billion in current expenditures and MNT 361.14 billion in capital outlays. Specifically, allocations for new equipment have been reduced by 50 percent, with resources redirected toward priority road transport and investment projects consistent with the objectives of the 2026 Development Plan of Mongolia.
In addition to the Budget, Parliament also approved the 2026 budgets for the National Sovereign Wealth Fund, the Social Insurance Fund, and the Health Insurance Fund.

Published Date:2025-11-13