A large majority of Mongolia's lawmakers reported substantial personal wealth in their latest financial disclosures, with 110 of the 126 members of parliament or 87% declaring assets worth more than ₮1 billion.

👀 According to the 2025 financial disclosures, the average total wealth held by members of parliament rose to ₮5.4 billion, up 8.7% from ₮4.9 billion the previous year. The increase was driven primarily by stronger domestic bank deposits and receivables, even as reported income declined.

📈 Wealth Shifts Toward Financial Holdings

Domestic bank deposits increased by an average of ₮257 million, reflecting higher cash holdings among lawmakers. Receivables also rose by ₮141 million on average, suggesting increased lending activity or business-related claims. Real estate holdings grew by ₮161 million, indicating continued investment in property.

🤔 In contrast, average reported income fell by ₮140 million. Family income, however, increased by ₮30 million, partially offsetting the decline in personal earnings. Other categories, including vehicles, land, livestock, and valuables, remained broadly stable, with only minor changes recorded.

In short, the data suggests lawmakers are accumulating wealth increasingly through financial holdings and asset growth, rather than through salaries or direct income. The trend has drawn public attention amid ongoing debates over transparency and the sources of lawmakers' wealth.

🏢 Company Ownership Remains Concentrated

Furthermore, several lawmakers also reported significant business interests. B.Choijilsuren disclosed ownership stakes in 45 companies, followed by Ch.Nomin with 31 companies and B.Tuvshin with 21 companies, according to the latest financial disclosures.

Finally… The latest financial disclosures come amid continued scrutiny of lawmakers’ finances, a pattern seen in many countries where elected officials report significant income and assets. In Mongolia, members of parliament earn a base salary of around ₮5.7–₮7 million per month. While some enter politics with established business backgrounds, others report limited prior business activity, which has fueled public debate over how financial positions evolve during time in office.