The Government has submitted the 2026 Budget Bill and is holding a public consultation to gather citizens’ comments on next year’s budget.
According to the draft bill, the Government projects balanced revenues of MNT 31.6 trillion, equivalent to 30.9% of GDP, and total expenditures of MNT 33.0 tugriks, or 32.2% of GDP, resulting in a basic budget balance of MNT 2.0 trillion (2.0% of GDP) in 2026.
As part of its policy to improve the accessibility of social protection programs, the Government plans to increase social insurance and social welfare pensions by 6 percent next year. The budget earmarks MNT 378.4 billion for this purpose.
The bill also reflects the rising costs linked to the growing number of pension and allowance recipients under the social insurance and welfare systems. This includes more children allowance, as well as increases in temporary disability, unemployment, and funeral benefits.
The legal framework requiring wages, pensions, and allowances to be adjusted in line with inflation was introduced in the 2025 fiscal year. Under this policy, pensions and benefits were also increased by 6% last year.
The Government has submitted the 2026 Budget Bill and is holding a public consultation to gather citizens’ comments on next year’s budget.
According to the draft bill, the Government projects balanced revenues of MNT 31.6 trillion, equivalent to 30.9% of GDP, and total expenditures of MNT 33.0 tugriks, or 32.2% of GDP, resulting in a basic budget balance of MNT 2.0 trillion (2.0% of GDP) in 2026.
As part of its policy to improve the accessibility of social protection programs, the Government plans to increase social insurance and social welfare pensions by 6 percent next year. The budget earmarks MNT 378.4 billion for this purpose.
The bill also reflects the rising costs linked to the growing number of pension and allowance recipients under the social insurance and welfare systems. This includes more children allowance, as well as increases in temporary disability, unemployment, and funeral benefits.
The legal framework requiring wages, pensions, and allowances to be adjusted in line with inflation was introduced in the 2025 fiscal year. Under this policy, pensions and benefits were also increased by 6% last year.