Why Did Mongolia's Parliament Accept the Presidential Veto on the 2025 Budget?

The acceptance by Mongolia’s parliament of President Ukhnaagiin Khurelsukh’s veto of the 2025 budget is a rare and striking event. Framed as a necessary step to ensure fiscal responsibility, the move is widely interpreted as a bold political gambit with far-reaching implications. The veto not only highlights the ongoing friction between the executive and legislative branches but also raises critical questions about governance, economic stability, and investor confidence.

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