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IMPROVING THE LEGAL ENVIRONMENT OF GLASS ACCOUNT AND REDEVELOPMENT OF GLASS ACCOUNT PORTAL

8/11/2021

One of the main objectives of the Strengthening Fiscal and Financial Stability project and the Strengthening Governance in Mongolia project, jointly implemented by the Ministry of Finance of Mongolia, the European Union, and the World Bank, is to support the effective implementation of the Glass Account Law by improving the legal environment and revamping the Glass account portal.

In this context, the Ministry of Finance is currently implementing activities (i) to conduct (gap-analysis) to identify current issues with the Glass Account Law implementation, (ii) to develop draft amendments to the Glass Account Law and a revised version of the regulation, and (iii) to revamp the Glass account portal to help citizens understand fiscal and financial information by presenting the data in a user-friendly format. 

The draft amendments to the Law on Glass account and the accompanying regulations and will have the following positive consequences. These include:

  1. Organizations that are responsible for publishing information and the type of information that needs to be disclosed will be clarified and optimized. By defining the classification and type of a legal entity in accordance with other legislation shall clarify the subjects responsible for implementing the law as well as their rights, duties and responsibilities to publish information on the Glass account portal and eliminate the differences in the terminology defined by other relevant legislation;
  2. Duplication of the information will be eliminated which will result in reduced workload and citizens' right to receive information shall be fully ensured. 
  3. The comprehensiveness of monitoring and accountability will be improved. Amendments to the law will provide internal control over the activities of the glass account for all entities which will serve as a basis for preventing violations in the implementation of the law;
  4. Article 10.1 of the Law states that “If the actions of an official violating this Law are not criminal, he/she shall be held liable in accordance with the Civil Service Law” and omits the liability of other officials not covered by the Civil Service Law. Therefore, the full formulation and legalization of the accountability system will create conditions for improving fiscal discipline. 

Also, MOF has started the redevelopment of the Glass Account Portal (https://www.shilendans.gov.mn) to help citizens understand fiscal and financial information by presenting the data in a user-friendly format. By improving the current features of the website, citizens would be able to access useful financial data and able to monitor the information system.

This strengthening of the legal environment and system redevelopment will not only improve Mongolia's assessment of Open Budget Survey but also strengthen budget transparency and increase public trust in the government. According to the International Budget Partnership’s Open Budget Survey Mongolia has scored 56 in the 2019 survey which represents 10 points above compared with 46 in 2017. 

NEWS
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. 
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).

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.
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.

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.

The State Great Hural has passed a law on Public Private Partnership at its plenary session

12/14/2022

The Ministry of Finance, in collaboration with national consultants and lawyers, introduced and prepared a draft law on Public Private Partnership as part of the technical assistance provided by the EU-funded "Strengthening Governance in Mongolia" Project implemented by the World Bank. A concept of the draft law on Public Private Partnership was approved and the draft law was submitted to the State Great Hural. A working group to draft the proposed law on Public and Private Partnership held a series of successful discussions and the State Great Hural passed the law on Public Private Partnership at its plenary session held on December 9, 2022.  The Law on Public Private Partnership is to come into effect on July 1, 2023.
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