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Government Finance of Mongolia

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

10.7% 22.1% 21.8% 42.5%
  • Personal income taxes: 10.7%
  • Corporate income taxes: 22.1%
  • Social security contributions: 21.8%
  • Property taxes: 3.0%
  • Goods and services taxes: 42.5%
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Personal income taxes
10.7%
Corporate income taxes
22.1%
Social security contributions
21.8%
Property taxes
3.0%
Goods and services taxes
42.5%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 43.7% #117 / 184 2026
Government Gross Debt (Local currency - MNT) 45.21T - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - MNT) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -0.5% #35 / 189 2026
Fiscal Balance (Local currency - MNT) -567B - 2026
Primary Fiscal Balance (% of GDP) 1.3% #32 / 182 2026
Primary Fiscal Balance (Local currency - MNT) 1.36T - 2026

Revenue and Spending

Government Revenue (% of GDP) 33% #61 / 189 2026
Government Revenue (Local currency - MNT) 34.16T - 2026
Government Spending (% of GDP) 33.5% #76 / 189 2026
Government Spending (Local currency - MNT) 34.72T - 2026

International Reserves

Total Reserves (USD) 5.51B #91 / 163 2024

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