10/16/2020
Per the initiative facilitated by the Finance
Minister Mr. Khurelbaatar Ch, the Ministry of Finance develops and rolls out an
Integrated Payroll system (IPS) designed to enhance budget control,
accountability, and discipline in Civil service pay, which alone accounts for
more than 20 percent of the state budget. The Ministry of Finance has cooperated
with the Strengthening Fiscal and Financial Stability project of the World
Bank, the Civil Service Council, the Information Technology Center of Custom, Taxation,
and Finance, the Bank of Mongolia, the Social insurance agency, Mongolian Tax
Administration to simplify payroll transactions and improve coordination among
relevant government agencies.
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". . . Thanks to an Integrated
Payroll system, the workload of accountants in the budget entities have been reduced, and civil servants have been able to receive detailed monthly salary information through e-mail on time. The system enables us to see where and how many civil servants work and their salaries from a trusted single source. The system
also generates accurate and reliable information on civil service pay when
devising budgets and other related plans." Mrs.Bolortuya E, an accountant at
Capital City Taxation Department |
Mrs. Bolortuya and public sector accountants at all levels have been
gradually involved in the system development, pilot, training processes and
have begun to reap the benefits of the system. To provide advice and services
to the accountants related to the newly developed and tested IPS, the Ministry
of Finance has conducted classroom and online training, set online
instructions, videos, and a regular customer support center.
As of the third quarter of 2020, a total of 4,007 budget entities have
registered with the IPS system. A direct transfer of 33.5 billion MNT was made
to the employees' salary accounts in commercial banks through the pilot phase's
electronic payment system. The intensification of testing, training, and
rolling out in an IPS is considered the launch of substantial reform to transfer
Treasury operations to electronic form.
The working group led by Mr.Batkhuyag, Director-General of the Treasury
Department, pay particular attention to the continuous gradual improvement, the
reduction of manual
operations, the provision of information security, and the provision of
reliable operation of the system.
The IPS will enable budget governors at all levels to get access to
accurate personnel and salary-related data, exchange information smoothly and
appropriately with other systems such as taxes and social insurance. It is
expected to result in evidence-based policymaking, strengthening budget
discipline, and increasing budget planning and implementation efficiency.
Please find below link for more detailed information.
www.facebook.com/watch/?v=256961259088693
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WORLD BANK WORKING GROUP MET WITH PIU AND IMPLEMENTING ORGANIZATIONS REGARDING THE COMPLETION REPORT OF THE STRENGTHENING GOVERNANCE IN MONGOLIA PROJECT
4/3/2023
Concerning the Strengthening Governance in Mongolia project, which was completed on February 28, 2023, the World Bank working group to develop the project completion report had an official meeting with Project Implementation Unit (PIU) and implementing organizations on March 30, 2023. The purpose of the working group meeting is to review the implementation of the project, the results achieved, and the fulfillment of the project indicators. |
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PERFORMANCE BASED FINANCING: INSPIRING NEW APPROACHES TO PUBLIC FINANCIAL MANAGEMENT IN HEALTH AND EDUCATION
3/23/2023
Performance based financing (PBF) links funds or payments to service providers to results achieved and gives them considerable autonomy in the use of these funds. The strategic approach is appealing to many individuals and organizations as it motivates them to perform better and channels resources directly to the frontlines. This in turn fosters greater accountability. Using this approach has been popular in different sectors with some promising results emerging. |
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AN INTEGRATED SYSTEM FOR RESULTS-BASED MEDIUM-TERM BUDGET PLANNING: IN ACHIEVING THE GOALS OF IMPROVING BUDGET PLANNING, BUDGET EFFICIENCY AND PROGRAM OUTCOME.
3/7/2023
Under the scope of improving public financial management, Mongolia is aiming to introduce result-oriented medium-term budgeting, transitioning from the traditional input-based budgeting. This goal is aligned with development policy of Mongolia to shift from medium-term fiscal framework (MTFF) to medium-term expenditure framework (MTEF). |
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The MOF is entering the new phase of PFM Reform Action Plan
2/28/2023
Within the framework of the European Union financed, World Bank managed “Strengthening Governance in Mongolia” project, the Ministry of Finance, in compliance with the “Sustainable Development Vision 2030” and the “Action Program of the Government of Mongolia for 2016-2020”, has approved and implemented the Public Financial Management (PFM) Reform Strategy and the Action Plan for 2018-2022. The overarching objective of the strategy was to improve governance and achieve effective resource allocation and efficient public service delivery. The implementation status of the PFM Action Plan is indicated as “Certain results have been achieved” at the rate of 85 percent. |
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LAUNCHED BETA VERSION OF THE REDEVELOPED GLASS ACCOUNT PORTAL
1/20/2023
The Ministry of Finance Mongolia has developed and successfully launched the new version of the Glass Account Portal in 2023 within the framework of the Strengthening Governance in Mongolia Project jointly implemented by the EU and the World bank. |
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New systems and services are added in the Intermediate service platform for fiscal and financial systems
1/11/2023
The Ministry of Finance Mongolia has developed and successfully launched the Intermediate Service Platform (ISP) in 2022 within the framework of the Strengthening Governance in Mongolia Project. The main purpose of the system is to provide a possibility of information /web services/ exchange between the independent systems of the Ministry of Finance and other organizations in a easy and flexible way. In addition, it is solving the issues of overlapping connections and development between many information systems and organizations, transferring them to a unified standard, making it has no complexity, and more secure. |
