Mongolia Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Mongolia's budget deficit was -0.69% in 2025, ranked 40th globally. This represents a 149.3% decrease from 2024. Data from IMF WEO, covering 1981–2025.
Overview
Mongolia's budget deficit stood at -0.69% in 2025, a decline of +2.08% from 2024. The IMF projects -0.69% by 2025. Mongolia ranked 40th globally.
Mongolia’s primary fiscal balance recorded a deficit of 0.69 percent of GDP in 2025, placing the country at 40th position worldwide according to the IMF World Economic Outlook. Over the 45‑year series, the balance has swung dramatically, from a surplus of 7.58 percent of GDP in 2006 – the highest point in the record – to a deep trough of –15.29 percent in 2016, the lowest level observed. The early 1980s showed a modest deficit of –3.09 percent, indicating that the current position remains far below the historical peak but still above the post‑2016 nadir. Compared with peers of similar rank, Mongolia’s deficit is slightly wider than Mauritania’s –0.46 percent and comparable to Zimbabwe’s –0.75 percent, suggesting that fiscal pressures are shared across economies with comparable structural challenges. Continued reliance on commodity revenues and the pace of fiscal consolidation will determine whether the deficit narrows toward the modest levels seen in 2025 or re‑expands in future cycles.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -2.62% | - | - |
| 2029* IMF | -2.59% | - | - |
| 2028* IMF | -2.52% | - | - |
| 2027* IMF | -1.99% | - | - |
| 2026* IMF | -1.01% | - | - |
| 2025* IMF | -0.69% | - | - |
| 2025 | -0.69% | −2.08% | #40 |
| 2024 | 1.39% | −1.34% | #163 |
| 2023 | 2.73% | +2.06% | #172 |
| 2022 | 0.67% | +3.72% | #159 |
| 2021 | -3.05% | +6.20% | #112 |
| 2020 | -9.24% | −10.24% | #43 |
| 2019 | 1.00% | −1.85% | #156 |
| 2018 | 2.85% | +6.57% | #171 |
| 2017 | -3.72% | +11.58% | #56 |
| 2016 | -15.30% | −10.25% | #7 |
| 2015 | -5.04% | −1.32% | #47 |
| 2014 | -3.73% | −2.80% | #65 |
| 2013 | -0.93% | +5.32% | #135 |
| 2012 | -6.24% | −2.23% | #29 |
| 2011 | -4.01% | −4.44% | #59 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's budget deficit was -0.69% in 2025. Ranked 40th globally. This represents a 149.3% decrease from the previous year.
Mongolia's budget deficit peaked at 7.59% in 2006.
The lowest budget deficit in Mongolia was -15.30% in 2016.
Mongolia ranks 40th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Mongolia's budget deficit is projected to reach -0.69% by 2025 based on IMF projection.
The budget deficit of Mongolia in 2025 was -0.69%. This ranks 40th in the world.
Cite this page
@misc{historysaid_mongolia_budget-deficit,
title = {Mongolia Budget Deficit},
url = {https://historysaid.com/mongolia/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}