The Ministry of Finance /MoF/ of Mongolia has facilitated initiatives to disseminate budget information to the public. Today, booklets containing budget information is widely available both in a printed and digital version.To increase budget transparency, citizens' engagement, and further enhance budget efficiency, the Ministry of Finance is successfully implementing the "Strengthening Fiscal and Financial Stability Project" and the "Strengthening Governance in Mongolia Project" in cooperation with the European Union and the World Bank.
Moreover, MOF is actively collaborating with the "Global Initiative for Fiscal Transparency" to introduce and adopt international principles and standards on budget transparency.
Strengthening Governance in Mongolia project is being implemented to improve Mongolia's budget transparency and increase citizens' engagement.
Open Budget Index
On account of the collaboration of the Government of Mongolia, international and civil society organizations, the Mongolian budget transparency index, which is calculated once every two years, has reached 56 points in 2019, progressing by 10 points from 2017.
The above booklets can be downloaded from the "Citizens' Budget" menu on the Ministry of Finance website at https://mof.gov.mn/.
Citizens' understanding and knowledge of the budget - from the findings of the research
In the field of budget and financial transparency, our organization conducted a study on the implementation of the Glass Account Law and Regulation, the use of the system, and the citizens' budget. As a result of the research:
S.Battulga, Senior researcher of "Mongolian economic analysis, research center" NGO
As a CITIZEN with accurate knowledge and access to information, you can contribute to improving BUDGET EFFICIENCY.
PROJECT IMPLEMENTING UNIT
PROJECT IMPLEMENTING UNIT
WORLD BANK WORKING GROUP MET WITH PIU AND IMPLEMENTING ORGANIZATIONS REGARDING THE COMPLETION REPORT OF THE STRENGTHENING GOVERNANCE IN MONGOLIA PROJECT
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.
PERFORMANCE BASED FINANCING: INSPIRING NEW APPROACHES TO PUBLIC FINANCIAL MANAGEMENT IN HEALTH AND EDUCATION
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.
AN INTEGRATED SYSTEM FOR RESULTS-BASED MEDIUM-TERM BUDGET PLANNING: IN ACHIEVING THE GOALS OF IMPROVING BUDGET PLANNING, BUDGET EFFICIENCY AND PROGRAM OUTCOME.
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).
The MOF is entering the new phase of PFM Reform Action Plan
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.
LAUNCHED BETA VERSION OF THE REDEVELOPED GLASS ACCOUNT PORTAL
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.
New systems and services are added in the Intermediate service platform for fiscal and financial systems
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.