Three trillion tugrik is about $835 million at the Mongolbank rate, and 835,000 a person is that sum divided by the population; the minister’s split would leave each citizen a third of it. Two trillion of the three would pass the fund by a law written for one year. The precedent is this year’s Erdenes Tavan Tolgoi money, where the dividend’s total, the budget’s earmark and the citizens’ share were 3 different figures.
The dividend itself is a date the government has moved more than once, from 2051 in the 2009 investment agreement to “autumn 2026” and now 2027, after the June rate adjustment that cut the interest on Rio Tinto’s shareholder loans. Ganbaatar’s objection is the fund law’s text; the minister’s answer is that a payment that does not recur should not be built into the budget’s base. Both are arguing over money that Oyu Tolgoi has not yet declared.
Two trillion of the three would pass the fund by a law written for one year.
The Khural that will vote the one-off law is the one that lost its quorum twice in the last 10 days and has not yet given the 2026 budget rewrite its third reading. A 2027 dividend split in a September briefing is a political document as much as a fiscal one, and the 835,000 tugrik a person is the figure the argument will be fought in.