Uchral Nyam-Osor, Prime Minister, took part in the opening of the Confederation of Mongolian Trade Unions' fair, themed "Social Partnership – Cooperation," where he presented the 2026 revised budget, the 2027 draft budget, and nine related decisions and policies.

The Prime Minister said the basic pension would be paid starting November 1, 2026, with the MNT 769,000 pension rising to MNT 1 million. Pensions would rise by an average of MNT 380,000. Energy tariffs would not be increased. Under the revised budget, MNT 200 billion had been allocated to the energy sector, with half (MNT 100 billion) earmarked for repairs and renovation and the remaining MNT 100 billion provided as subsidies.

The government aimed to channel MNT 3.5 trillion in dividends from state-owned enterprises into the budget to raise citizens' pensions and wages and improve people's lives. He noted that, had this not been included in the budget, the funds would otherwise have been supplied to the market through the boards of the state-owned enterprises. Under the 2026 revised budget, the salaries of civil servants would be increased by 50%.

16,000 households would be covered by the mortgage loan program. A preferential loan program to support the middle class would also be implemented. He said the government was fully mobilizing its resources for citizen-focused decisions such as raising wages and pensions and providing mortgage housing. The government's core policy was to support everyone who wants to work and build something. He noted that Mongolians had not received a single dividend payment from Oyu Tolgoi in 17 years and that the government had now officially secured a commitment to receive dividends from Oyu Tolgoi, with the dividend expected to total around MNT 3 trillion.

Tamir Enkhbaatar, President of the Confederation of Mongolian Trade Unions, said he considered the government's policy of increasing citizens' real income to be the right approach and noted that there remained a need to further raise wages going forward. He also expressed support for establishing specialized high schools in each region, implementing the Cambridge curriculum, and the government's housing policy.

Published Date:2026-09-15