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Mongolian PM Unveils 2026 Budget With Tax Cuts, Heavy Bet on Copper

  • Writer: Amar Adiya
    Amar Adiya
  • Sep 15, 2025
  • 3 min read

Mongolian Prime Minister Gombojavyn Zandanshatar’s first full budget blends headline promises with cautious arithmetic. Branded as people-centered, it promises sweeping tax cuts, higher social spending and visible infrastructure investment. The detail, however, is more cautious than the rhetoric suggests.

Mongolia budget presented by Prime Minister Gombojavyn Zandanshatar at the Parliament of Mongolia on September 15, 2025.

The MNT 3–4 trillion (USD 835 million–1.11 billion) in tax reductions is the headline, but just MNT 800 billion (USD 223 million) may land in 2026.

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