Overview
- The Cabinet ordered strict spending cuts under the Savings Law and told agencies to prioritize core wages and social outlays, while accelerating advisory-led recovery of tax arrears with stepwise enforcement if needed.
- The Tax Authority said 72,000 legal entities owe MNT 6.1 trillion, including over MNT 2 trillion from about 1,000 mining taxpayers, and confirmed claims and account freezes have begun against long‑overdue debtors.
- At public hearings, officials reported Oyu Tolgoi paid MNT 6.4 trillion in taxes, fees and charges from 2001 through September 5, 2025, as the CEO noted the project turned cash‑flow positive in 2025.
- MPs and an Oyu Tolgoi board member alleged excessive financing charges and high fees to Rio Tinto affiliates, citing claims such as a $6 billion loan generating $19 billion in interest, and urged renegotiation of loan terms.
- Former prime minister S. Bayar told lawmakers he erred by not locking in stronger returns in law and contracts and argued the state’s 34% stake drove a debt‑financing structure, as committees advanced tax measures and Parliament approved a temporary trade deal with tariff relief on 367 items.