Overview
- The government submitted the 2027 budget package and the Economic Standing Committee completed a third reading after Finance Minister Z. Mendsaikhan said the plan prioritises protecting real incomes and purchasing power.
- At an extraordinary Cabinet meeting on October 23 the government withdrew the separate one‑off law on urgent social and infrastructure fixes that had been tabled with the budget.
- Officials say negotiations with Oyu Tolgoi investors aim to raise Mongolia’s project share to about 53% and that the state could receive roughly 3 trillion MNT in dividends in 2027, with about 2 trillion MNT earmarked for energy and education reforms and the remainder directed into the National Wealth Fund’s Accumulation subfund.
- The draft budget includes planned public‑sector pay moves that raise the civil‑service basic pay grid by 10% and administrative and special service pay grids by 20% from Q2 2027, covering 211,600 staff at an extra cost of 887.1 billion MNT.
- Trade unions have warned they will take collective action if negotiated wage increases are not implemented, with the health workers’ union saying staged raises to reach a 3.5 million MNT core salary were not fully paid, and Parliament has created a temporary commission to audit Ulaanbaatar land allocations from 1992–2025 while tobacco excise hikes through 2031 were also approved.