The Parliament of Mongolia, known as the State Great Khural, is the country's supreme legislative body. It consists of 76 members who are elected for four-year terms. The Parliament is responsible for making laws, approving the budget, and overseeing the government. The State Great Khural meets in the capital city, Ulaanbaatar, and plays a crucial role in Mongolia's democratic governance. It operates under a multi-party system, allowing various political parties to participate in the legislative process. The Parliament also has the authority to ratify international treaties and agreements.