The national monthly minimum wage is increased annually, following three-party negotiations between the labor unions, employers and the Government of Mongolia.

The national minimum wage was set at 192,000 MNT, with a 36 percent increase set in 2013.

Now the re-setting of the national monthly minimum wage will be 380,000 MNT, a nearly twofold increase.

The government budget has planned 320 billion MNT for the increase of salaries and 170 billion MNT for pension and allowances next year.

The average salary is expected to increase as the minimum wage sees another increase.

Nationwide, it is estimated that the workforce is made up of 1.1 million workers in Mongolia, and 8.4 percent (over 200,000 employees) are paid the minimum monthly wage.