Formula E teaser

QUALITY OF LIFE AND MIDDLE CLASS

Sustainably increase family income by promoting employment, cultivate active and creative families with adequate housing, develop middle class able to run competitive micro, small, and medium businesses in an enabling investment environment and capable of sustaining their families; and supported with satisfying living conditions.

VISION 2050

Objectives

  • Social welfare and social insurance system reform

    Develop life-guaranteeing social protection services and strengthen the social insurance system to improve the quality of life.

  • Affordable housing

    Create conditions for providing affordable housing fit to the needs and purchasing power of households.

  • Employment and start-up business

    Render employment support, develop business know-how and skills, and raise the competitiveness of small and medium enterprises.

  • Funding in support of the middle class

    Provide financial services and risk protection designed to expand the middle class.

  • Healthy and active lifestyle

    Encourage citizens and families with an active lifestyle and create an enabling environment for physical culture and sports.

  • Land relations

    Ensure equality, justice, national economic security and sustainable development by implementing smart and citizen-centered governance and management system on land.

Key Indicators

Indicators Measuring unit Base level Target level
2025 2030 2050
1 Percentage of people at middle class and above percent 71.6 80 85 95
2 Poverty level percent 28.4 20 15 5
3 Competitiveness indicators score 52.6 58.0 61.0 73
4 Entrepreneurship indicator score 67.8 70.0 72.5 82.5
5 Consumption inequality indicators unit 0.33 0.31 0.29 0.21
6 Percentage of socially active population covered by social insurance percent 84.4 90 99 100
7 Participation rate of Labor force percent 61 63 65 70
8 Unemployment rate percent 8.6 7.8 7 3
9 Percentage of households equipped with full structural engineering percent 25.3 33 35.8 49.8
10 Basic indicators of physical development of the test participants (by age classification) persent 53 60 65 99

Address

State House, Sukhbaatar square-1, Sukhbaatar district 6th khoroo 14201, Ulaanbaatar city, Mongolia

Contact

(976-51) 260817, (976-51) 262408

info@cabinet.gov.mn

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VISION-2050” LONG-TERM DEVELOPMENT POLICY OF MONGOLIA
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