G.Zandanshatar takes office as Mongolia’s 34th Prime Minister

🗳️ On June 13, 2025, the Mongolian Parliament confirmed G.Zandanshatar as the nation’s 34th Prime Minister, securing strong backing with 108 out of 117 MPs (92.3%) voting in favor.

✨ The new Prime Minister emphasized his commitment to fostering equitable and inclusive economic growth, aiming to ensure benefits reach every citizen. To fulfill these goals, he highlighted several key policy priorities:

1. Ensuring continuity in addressing crucial policy issues initiated by the previous government
2. Undertaking structural economic reforms and tax adjustments to ease the tax burden on citizens
3. Placing human development as the government’s largest and most significant "mega-project"
4. Reforming the welfare system to reinforce the principle that employment is the most effective form of social support
5. Bolstering the middle class by increasing taxes on luxury goods and the highest income earners
6. Focusing on to reducing losses across state-owned enterprises and enhance efficiency
7. Diversifying the economy away from excessive dependence on mining activities
8. Prioritizing ongoing projects according to their financing status, feasibility, and urgency

🌱 He also underlined his commitment to reshaping Mongolia's economy by limiting state intervention and proactively supporting private-sector growth.

📊 Given the nation's current challenging economic circumstances, the government plans to reduce budget expenditures by MNT 2.3 trillion and intends to submit the corresponding budget amendment to parliament soon.