Episode 5: Mongolia’s Fiscal Reset: New Government's budget amendments in the shadow of mining dependency
In this episode, we unpack the newly seated government and their attempts to amend the 2025 state budget following the resignation of former Prime Minister Oyun-Erdene. Are the changes to the amendment justified, or is Mongolia making the same mistake they have made before?
We examine the prime minister's approach to amending the budget as the new government proposes spending cuts, the lack of economic diversification, and the political habit of fast-tracking reforms during crises—including the failure to implement a functioning sovereign wealth fund. And how the dependence on mining seems to blindside Mongolian politicians to the volatility of Mongolia's economy.
Three Universals “The Things that Fall the Fastest:
The price of coal
The value of the tugrik
government revenue
Pocketcast | Apple Podcasts | Spotify
40min
Hosts: Anand, Dolgion, Julian
Date Recorded: July 8 2025
Date Released: July 23 2025
Keywords: mining | budget | government