The Government of Mongolia Approved a 300-Day Action Plan to Accelerate Economic Recovery
At its recent session held on December 31, 2025, the government made a decision to implement a 300-day plan aimed at accelerating economic recovery and ensuring its benefits for the population. Information about this was published on the official government website.
As part of this plan, ministers, as well as heads of state institutions and commissions, were instructed not to increase fees and payments for services provided to the population and businesses during the financial year 2026. This measure is intended to maintain stability in the business environment and coordinate the regulation of public services. The government also urged representatives of local councils to refrain from raising tax rates and fees, and the oversight of this directive will be assigned to the First Deputy Prime Minister and Minister of Economy and Development, Enkhbayar Zhadamba.
According to the latest statistics, economic growth stands at 5.9%, and inflation is at 8.2%, which is close to the targets set by the central bank. The balance of payments is in positive territory, and the country's foreign exchange reserves have reached $6 billion. Economic growth is largely driven by sustainable development in agriculture, construction, and manufacturing, as well as the recovery of the mining sector in the third quarter.
Thanks to the policies aimed at increasing exports, there has been a rise in revenues, a slowdown in the growth rate of imports of goods and services, stabilization of the current account deficit, and an increase in the financial account surplus compared to the previous year. This has also contributed to a positive outcome in the balance of payments and stabilization of the exchange rate.
In response to current economic conditions, the government has decided to implement a set of measures aimed at ensuring that the benefits of economic growth reach citizens, protecting their incomes and livelihoods, creating a favorable business atmosphere, optimizing state participation, and supporting sustainable macroeconomic growth.
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