ULAN BATOR, Nov. 12 (Xinhua) -- Mongolia's 126-seat parliament, or the State Great Khural, approved the 2026 state budget on Wednesday with a deficit of 1.0 trillion Mongolian tugriks (293.6 million U.S. dollars).
In the state budget, revenue is projected to be about 31.9 trillion Mongolian tugriks (8.9 billion dollars), or 31.2 percent of the GDP, and spending is estimated to be around 32.9 trillion Mongolian tugriks (9.2 billion dollars), or 32.2 percent of the GDP.
According to estimates from international organizations such as the World Bank, the European Bank for Reconstruction and Development, and the Asian Development Bank, Mongolia's economy is expected to grow by 5.5 to 5.7 percent in 2026.
The landlocked Asian country's GDP grew 5.6 percent in the first half of 2025, according to Mongolia's National Statistics Office. ■