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Economy

Mongolia's parliament returns on 7 September to rewrite this year's budget

The Speaker's Council called an extraordinary session of the State Great Khural for 7 to 14 September with one item on it: the amendment to the 2026 budget. The 2027 draft filed on 31 August, the one that suspends the spending rule, is not on the list.

Mongolia's parliament returns on 7 September to rewrite this year's budget

Speaker S. Byambatsogt announced the decision after the council met on Wednesday: the session opens at 10:00 on Monday 7 September and is to close by 17:00 on the 14th. 'Responding quickly and seriously to any question tied to citizens' livelihoods and the state of the economy is a duty the constitution places on the Khural,' he said in the national broadcaster's account, adding that the work of the state must continue without interruption.

The date was set by procedure. The government filed the amendment on 20 August, ikon.mn reports, and the National Audit Office and the Fiscal Stability Council had 14 days to deliver the opinions parliament cannot sit without. Those arrived, and the council could name the day.

It is the second revision of a budget already rewritten once this summer, and the session comes a week after the 2027 draft, which CAW reported on Wednesday morning: revenue of 41.3 trillion tugrik, spending of 43.6 trillion, a deficit of 2.306 trillion held inside the 2% of GDP ceiling, and a request to suspend for 1 year the spending-growth rule of the Fiscal Stability Law. In the 31 August release on the 2027 draft the revision appears without its figures; ikon.mn dates the filing itself to 20 August.

The date was set by procedure.

Only the 2026 amendment is on the agenda. Neither the 2027 draft nor the fuel book is: the ministry's September plan, the regulated 3,040-tugrik pump price and the Price Council that has not been convened in this crisis all stay with the government.

So the revision now has a deadline of its own: 17:00 on 14 September, a Monday, with the 2027 draft and its suspended ceiling waiting behind it.