Inflation to Be Maintained at 7 Percent in 2026

Ulaanbaatar, May 28, 2025 /MONTSAME/. On May 28, 2025, during the regular session of the Standing Committee on Budget of the State Great Khural (Parliament) of Mongolia, Members held the final discussion on the draft Law on the Fiscal Framework Statement for 2026 and the Budget Outlook for 2027–2028, along with the accompanying draft Resolution.

In accordance with the Law, the Parliament of Mongolia is required to deliberate and adopt strategic documents and the draft medium-term Fiscal Framework Statement by June 1 each year. The draft Law projects economic growth at 6 percent in 2026 and 6.5 percent in both 2027 and 2028. It also sets the inflation target at 7 percent for 2026, 6.4 percent for 2027, and 6 percent for 2028.

To curb inflation, the Government of Mongolia plans to implement comprehensive reforms in the agricultural sector, ensure a stable increase in food supply, boost Mongolia’s foreign currency reserves, and limit the expansion of budget expenditures.