Mongolia's Fiscal Stability Fund (FSF), established in 2011, promotes fiscal stability, especially in the scenario of a global fall in non-oil commodity prices. It is intended to create medium and long-term stability of the general budget. Its revenue comes from a combination of additional budget revenue caused by higher-than-projected mineral prices, budget surplus, net income from the financial activities of the fund itself, and other income designated by parliament. The FSF’s assets need to be maintained above 5% of gross domestic product in any fiscal year, and the central bank oversees its asset management. There is an ongoing discussion to merge the FSF and the FHF and to create a single SWF system.
Assets under Management (AuM):
Alternative Assets: 0%
"To ensure medium- and long-term fiscal stability." (Stabilization Fund)