Each Mongolian has debt of MNT 28 million - News.MN

Each Mongolian has debt of MNT 28 million

Old News! Published on: 2020.06.09

Each Mongolian has debt of MNT 28 million

From 2021, the Mongolia’s Government will start its repayment of four big bonds worth of USD 2.9 billion for the next four years. In recent years, the Government debt to GPD has been decreasing; however, it has doubled since 2016.

Currently, total Government debt stands at USD 30 billion; in other words, every Mongolian holds a debt of MNT 28 million.

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