During the regular session of the Cabinet of Mongolia on March 12, 2025, Minister of Finance of Mongolia Javkhlan Bold presented an update on Mongolia’s consolidated budget and budget performance. 
The Finance Minister noted, “Mongolia’s macroeconomic condition is stable. Last year, the economy grew by 4.9 percent, reaching a GDP of MNT 80 trillion. As of January this year, inflation stood at 9.6 percent. The country’s foreign exchange reserves are stable, and export volume of primary raw materials is increasing.”
As of February 2025, the consolidated budget revenue reached MNT 4.1 trillion, which is MNT 1.2 trillion (22.8 percent) lower than the same period last year, representing 95 percent of the planned revenue for the first two months of 2025. The MNT 4.1 trillion consolidated budget revenue accounts for 11 percent of the annual budget. On average,12 to 14 percent of total annual revenue is collected during the first two months of the year.
The average price of coal was USD 78.5 per ton, USD 44.9 (36 percent) lower than the USD 123.4 recorded in the same period last year, as of February 2025. The lower price of coal was the primary factor in the reduced budget revenue.
Therefore, a working group has been established under a decree from the Prime Minister of Mongolia to ensure stable macroeconomic growth by increasing and monitoring the export of mining products and promptly resolving pressing issues. The working group will be headed by the Minister of Finance.

Published Date:2025-03-13