The State Great Khural, Mongolia’s Parliament, began reviewing the 2026 budget during a plenary session. The 2026 budget audit highlighted concerns over transparency, policy alignment, and fiscal preparedness. Lawmakers discussed these issues with key officials to ensure long-term economic stability.
Auditor General Magnaisuren Sandag presented the audit report on the draft 2026 budget. He noted that the government submitted amendments to the 2026 Budget Framework Statement alongside the 2027-2028 budget forecast. According to Sandag, this approach could weaken medium-term fiscal planning and reduce transparency in public spending.
The audit also revealed gaps in coordination among central state agencies. Agencies responsible for drafting the budget have shown inconsistencies in estimates and data sources. Such discrepancies could hinder the full implementation of development policies and create risks for sectoral alignment.
Moreover, the report pointed out that budget programs funded through current expenditures often do not align with Mongolia’s strategic development plans. This misalignment reduces the effectiveness of budget execution and limits the impact of government spending on national priorities.
The Auditor General warned that the 2026 budget policy lacks clear measures to address potential revenue shortfalls. Without robust contingency planning, Mongolia may face difficulties responding to unexpected fiscal challenges.
Despite these concerns, the audit concluded that the draft 2026 budget meets the requirements of the Law on Budget Stability. It also aligns with key national policies, including the Vision-2050 long-term development plan, the National Security Concept, and the Government’s 2024-2028 Action Program.
Experts highlight that improving transparency and coordination could strengthen Mongolia’s public finance system. “Greater consistency between budget forecasts and sectoral programs ensures more effective governance,” Sandag emphasized. Lawmakers are expected to debate proposed amendments and ensure alignment with national priorities.
Observers note that the 2026 budget review reflects broader trends in fiscal policy, emphasizing medium-term planning and strategic alignment. The Parliament aims to approve a budget that balances economic growth, social development, and fiscal discipline.
The next steps include detailed discussions in parliamentary committees and potential revisions to enhance program alignment. Analysts expect Mongolia to focus on building contingency measures and ensuring better coordination among agencies in upcoming fiscal cycles.
