The Mongolian Parliament has begun discussions on a draft resolution to adopt the country’s 5-year development framework for 2026–2030.

🚆 Development Directions

The Government’s 5-year plan outlines 8 strategic policy directions designed to diversify the economy, enhance resilience, and improve citizens’ quality of life. These priorities aim to achieve 10 key national outcomes within 5 years, including raising the Human Development Index to 0.813, expanding the middle class by 20%, increasing pensions by 8.6%, raising wages to 45.9%–50.5% of GDP wage share, and placing Mongolia among the top 90 countries in governance rankings.

Let’s unpack the goals that drive progress in each of the plan’s priority areas.

• In human development, the quality of education and healthcare will improve, raising the Human Development Index from 0.756 in 2024 to 0.813 by 2030. 
• The middle class is set to expand by 20%, average wages will increase from ₮9,200 per hour to ₮17,400, and unemployment is targeted to fall from 5.9% to 4.5%. 
• The National Wealth Fund is projected to grow from ₮4.48 trillion to ₮21.6 trillion, while tax reforms aim to reduce the effective tax rate for citizens and businesses. 
• Governance reforms will reduce corruption, strengthen transparency, and improve Mongolia’s global governance ranking from 114 to 90.

💸 Investment Roadmap

Furthermore, the Government has submitted a draft Investment Program to Parliament, including major projects with budgets exceeding ₮30 billion. In total, 87 projects are planned with a combined cost of ₮66.6 trillion. Of these, 39 projects will be financed from the state budget, 25 through foreign loans and aid, 14 via direct investment, and 8 through public-private partnerships.

• 🍰 Among Mongolia’s planned investments over the next 5 years, the largest share goes to manufacturing and infrastructure at ₮18.7 trillion, followed by energy with ₮15.9 trillion, regional development at ₮13.6 trillion, education, health, science, and culture with ₮4.6 trillion, and government capacity, disaster management, and national security at ₮1.9 trillion.

Finally… The draft 5-year development and investment plans now await parliamentary review and approval. Over the coming months, lawmakers will debate, amend, and finalize the proposals before implementation begins, setting the course for Mongolia’s economic and social development through 2030.