Ulaanbaatar
The 2025 Draft Budget of Ulaanbaatar City Submitted
Economy
Ulaanbaatar, November 25, 2024 /MONTSAME/. In accordance with the Budget Law of Mongolia, Deputy Governor of the Capital City Davaadalai Tumendalai submitted the 2025 Budget Draft of Ulaanbaatar City to Chairman of the Citizens’ Representative Khural of the Capital City Bayar Amarbayasgalan on November 25, 2024.
Along with the draft resolution on Adopting the Budget of the Capital City for 2025, draft resolutions were submitted on Amending the Taxation Transport Facilities and Vehicles of Mongolia, Revising the Road Usage Charges, and Updating the Tariff for Landfill at Centralized Waste Dumps.
Along with the draft resolution on Adopting the Capital City Budget for 2025, draft resolutions were submitted on adjusting the tax rates on transport and self-driving vehicles, road user charges, and tariffs for landfill at centralized waste dumps.
The 2025 Budget Draft of the Capital City is aligned with the following key directions and policies:
Activating public-private partnerships to stimulate the economic growth of the Capital city;
Developing the ger districts into residential districts to lower air pollution;
Expanding the city’s road system and implementing comprehensive reforms on public transport to mitigate traffic congestion;
Completing the investment works commenced in previous years to enhance the accessibility of essential public services.
As part of the policies implemented by the Government, the Governor’s Office of the Capital City plans to continue to align the regional development policy with the taxation policy in the upcoming year, simplify the tax environment for businesses, increase tax compliance, improve registration and oversight to reduce the shadow economy and broaden the tax base.
Under the 2024-2028 Action Plan of the Governor of the Capital City and Mayor of Ulaanbaatar, the 2025 Budget Draft focused on five key policies, including regional development, human development, economy, green development, and governance. Specifically, the Budget Draft outlines the expenditure for land acquisition as well as funding for major infrastructure projects such as the “Metro” high-capacity public transportation, “Tuul” highway, New Zuunmod City, and a residential complex of the Selbe subcenter. The Governor’s Office of Ulaanbaatar City plans to implement 164 projects and activities related to the urban infrastructure, roads, public utilities, education, health, and green spaces.
