Population of Mongolia to reach 4 million by 2030

2019-11-13 14:46:58

Ulaanbaatar /MONTSAME/. Today, November 13, the Cabinet meeting heard a presentation by Minister of Labor and Social Protection S.Chinzorig on state policy for labor and social protection industry for 2020-2024 and projection of investment and development. 

The revised population projection of Mongolia indicated that the population is expected to increase to four million by 2030 and to five million by 2045. Notwithstanding the stable population growth, the number of older population will outgrow and the share of older population in the total population becomes 12.9 percent in 2030 and 16.3 percent in 2045, increasing twofold than today. In this regard, it is deemed necessary to take tangible actions promoting population growth, youth development and social protection. 

As reflected in the projection, provision of social services to become more effective focusing on target group, pensions allotted from the social insurance to be raised annually to keep up with inflation rate and differences of pension benefits to be eliminated, followed by introduction of multi-layer pension system. In addition, youth employment to be supported through reduction of unemployment and poverty and implementation of policy to prepare on-demand workforce. Wages to be increased to satisfy for real living wage and lower income groups to be decreased by raising the minimum wage. 

Other measures include establishing regional nursing homes for seniors and rehabilitation center for abused children, training center for specialized education organizations,service center for senior citizens in Ulaanbaatar city, foster home for children with special needs, research hospital for occupational diseases, children camp and child protective service center.