The Tripartite National Committee for Labor and Social Partnership began its meeting on August 14 and reached a decision on August 17, 2026, to increase Mongolia’s minimum wage.

Under the decision, the minimum wage will rise by 26.3%, from the current MNT 792,000 per month to MNT 1 million per month, effective January 1, 2027. The hourly minimum wage will be set at MNT 5,952.30.

The minimum wage is established by the Tripartite National Committee for Labor and Social Partnership, which consists of equal representatives of the Government, employers, and organizations representing and protecting the rights and legitimate interests of employees.

In determining the minimum wage, the committee considers factors including:

• The population’s minimum standard of living

• The ratio of labor productivity to average wages

• The minimum pension provided by the Social Insurance Fund

• Economic growth and the employment rate

• Inflation