ULAANBAATAR: Minister of Finance Zagdjavyn Mendsaikhan announced a pension increase after Parliament’s approval of the 2027 State Budget Law on November 11, 2026.
He said the approved budget was designed to increase citizens’ incomes, expand business opportunities and ensure that people benefit from the country’s economic growth.
As part of the Government’s policy to protect household incomes, the basic pension increase of MNT100,000 (US$27.75) to MNT300,000, provided for under the 2026 budget amendment, began taking effect for senior citizens on November 1. Pensions will be increased by a further 10 per cent starting January 1, 2027.
Following the increase, the average pension is expected to reach MNT1.3 million.
In addition, healthcare workers’ salaries were increased by 20 per cent from November 1, bringing them to the same level as those of education sector employees. Salaries in the public service sector were also increased by 50 per cent.
As a further measure, salaries of all government employees are scheduled to increase by 10 per cent from April 1, 2027. Parliament also confirmed that the Government had included a 20 per cent salary increase for special government and public administration employees in the budget. - Go Go Mongolia/ANN
