THE PARLIAMENT APPROVED THE 2024 BUDGET OF MONGOLIA

Written By Altantsetseg Batchuluun

The fourth discussion of draft laws on the 2024 budget of Mongolia, the 2024 budget of the Social Insurance Fund, and the 2024 budget of the Health Insurance Fund was approved at the Parliament's general session.

With the approval of the 2024 budget law of Mongolia, the balanced income of the unified budget is 25,855.2 billion MNT, the total expenditure is 27,360.5 billion MNT, and the balance of the unified budget is estimated to be 1,505.3 billion MNT, a budget deficit equal to 2.0 percent of the GDP.

The laws on the 2024 budget of Mongolia, the 2024 budget of the Social Insurance Fund, and the 2024 budget of the Health Insurance Fund will come into force on January 1, 2024.

Altantsetseg Batchuluun
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