Ulaanbaatar
Government Approves 300-Day Action Plan to Accelerate Economic Recovery
Politics
Ulaanbaatar, January 1, 2026 /MONTSAME/. At its regular session on December 31, 2025, the Government approved a 300-day action plan aimed at accelerating economic recovery and ensuring that its benefits reach citizens.
In
connection with the approval of the plan, the Government instructed Cabinet
members, heads of government agencies, councils, committees, and commissions,
as well as governors at all levels, not to increase any fees and charges for
services provided by the State to individuals and legal entities during the
2026 fiscal year. This measure intends to ensure coordinated regulation of
public services and support stability in the business environment. The
Government also recommended that provincial, capital city, soum, and district
Citizens’ Representative Khurals refrain from increasing the rates of all
locally imposed taxes and fees, and assigned First Deputy Prime Minister and
Minister of Economy and Development Enkhbayar Jadamba to oversee implementation
of the resolution.
According
to statistical data, economic growth stands at 5.9 percent, inflation at 8.2
percent—around the central bank’s target level—the balance of payments is in
surplus, and the country’s foreign exchange reserves have reached USD 6
billion. The Government noted that this growth has been driven mainly by
sustained expansion in agriculture, construction, and manufacturing across
consecutive quarters, as well as a recovery in the mining sector in the third
quarter.
As
a result of policies implemented to increase exports, revenues have improved,
growth in imports of goods and services has slowed, the current account deficit
has stabilized, and the financial account surplus has increased compared with
the previous year. Consequently, the balance of payments has recorded a surplus,
and the exchange rate has stabilized.
The Government
decided to approve and implement a package of measures designed to ensure that
the benefits of economic growth reach citizens, protect incomes and
livelihoods, create a favorable business environment, optimize state
involvement, and support sustainable macroeconomic growth.
