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Events
Parliament Approves 2027 State Budget www.montsame.mn
At its plenary session on November 13, the State Great Khural approved the 2027 state budget, projecting revenue of MNT 39.2 trillion and expenditure of MNT 41.5 trillion.
Speaker of Parliament Byambatsogt Sandag emphasized that the budget includes measures intended to leave more money in people’s pockets. He also stressed that the Government must implement the approved budget effectively, pay particular attention to curbing price increases, and protect people’s real incomes.
Key measures in the 2027 budget include:
Personal income tax will be waived for monthly salaries of up to MNT 792,000.
Pensions will be increased, with the pension reform process continuing and the average pension set to reach MNT 1.3 million.
Starting in the second quarter of 2027, salaries of public service employees will increase by 10%, while those of civil administrative servants and special service personnel will rise by 20%.
The financial burden of medicine costs will be reduced. Health insurance will cover 100% of the cost of certain commonly used medicines for high blood pressure, cardiovascular diseases, and diabetes, particularly for senior citizens and targeted population groups.
Support will be provided to help 16,000 people obtain housing. Mortgage financing will be increased through new funding sources of up to USD 500 million.
The tax burden on businesses will be eased. Taxes for about 180,000 businesses and enterprises will be reduced by MNT 246 billion, and small and medium-sized businesses will receive concessional loans at an annual interest rate of 10%.
A total of 338 kilometers of roads will be constructed, and new energy generation sources will be added.
MNT 25 billion will be allocated for concessional green loans to support households seeking to improve living conditions in their residential plots and use renewable energy, promoting environmentally friendly households.
Speaker Byambatsogt noted that these measures are expected to directly benefit approximately 2 million people and 220,000 businesses and enterprises, counting overlapping beneficiaries.
A total of 110 MPs participated in the vote, with the 2027 state budget receiving final approval with 82.7% support.
Published Date:2026-11-14
