Description: Mongolia - Public Expenditure and Financial Management Review : Bridging the Public Expenditure Management Gap

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Mongolia - Public Expenditure and Financial Management Review : Bridging the Public Expenditure Management Gap

Mongolia has realized important progress toward more efficient and sustainable public finances over the last decade. However, weaknesses in the institutional and structural reform agenda threaten Mongolia's fiscal balances. The government prop...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTABILITY ACCOUNTING ACCOUNTING SYSTEMS ACCOUNTS RECEIVABLE TURNOVER ADB ALLOCATION OF RESOURCES ASSETS AUDITING AUDITS AUTHORITY BALANCE SHEETS BANK GUARANTEES BANKING SECTOR BANKS BASIC EDUCATION BUDGET EXECUTION BUDGET FORMULATION BUDGETARY EXPENDITURES BUDGETARY FUNDS BUDGETARY SUPPORT CASH TRANSFERS CENTRAL GOVERNMENT CITIZENS CIVIL SERVICE COAL COMMAND ECONOMY CONSENSUS CORPORATE GOVERNANCE CORPORATE INCOME TAX CORRUPTION CREDIT PRACTICES DECENTRALIZATION DISTORTIONARY TAXES DOMESTIC BORROWING ECONOMIC ASSISTANCE ECONOMIC SHOCKS ENTERPRISE REFORM EXECUTION EXPENDITURE ASSIGNMENTS EXPENDITURE RESPONSIBILITIES FINANCIAL ACCOUNTABILITY FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL PLANNING FINANCIAL SECTOR FISCAL FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FISCAL PRESSURE FISCAL YEAR FOREIGN DEBT FOREIGN DIRECT INVESTMENT GNP GOOD GOVERNANCE GOVERNANCE INDICATORS GOVERNMENT CONSUMPTION GOVERNMENT EXPENDITURES GOVERNMENT REVENUE GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT GROSS MARGINS HARD BUDGET CONSTRAINTS HEALTH EXPENDITURES HEALTH SPENDING INCOME INCOME TAXES INFLATION INFORMAL SECTOR INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL REFORMS INTERGOVERNMENTAL FINANCE INTERGOVERNMENTAL FISCAL RELATIONS LABOR FORCE LAWS LEGAL FRAMEWORK LEVELS OF GOVERNMENT LOCAL AUTONOMY LOCAL GOVERNMENT LOCAL GOVERNMENT REVENUE LOCAL GOVERNMENTS LOCAL REVENUE LOCAL TAX MACROECONOMIC STABILITY MANDATED EXPENDITURES MEMBERS OF PARLIAMENT MINISTRY OF FINANCE MPS NATIONS NATURAL RESOURCES PENSIONS PERSONAL INCOME TAXES POVERTY LINE PRIVATE SECTOR PRIVATE SECTOR GROWTH PRIVATE SECTOR INVESTMENT PRIVATIZATION PRODUCTIVITY PRUDENTIAL REQUIREMENTS PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCE PUBLIC FINANCES PUBLIC HEALTH PUBLIC SECTOR PUBLIC SECTOR EFFICIENCY PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR EXPENDITURES PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR PERFORMANCE PUBLIC SECTOR WAGES PUBLIC SPENDING PUBLIC UTILITIES PURCHASING POWER RESOURCE ALLOCATION RESOURCES MANAGEMENT RETIREMENT REVENUE MOBILIZATION RURAL COMMUNITIES SAVINGS SOCIAL ASSISTANCE SOCIAL ASSISTANCE SYSTEM SOCIAL INSURANCE SOCIAL INSURANCE SYSTEM SOCIAL PROGRAMS SOCIAL SAFETY SOCIAL SAFETY NET SOCIAL SECTOR SOCIAL SECURITY SOCIAL WELFARE STATE OWNED ENTERPRISES STATE PROPERTY STATE-OWNED ENTERPRISES TAX ADMINISTRATION TAX RATE TAX RATES TAX REFORMS TAX REVENUES TRANSITION ECONOMIES TRANSPORT TREASURY UTILITIES PUBLIC EXPENDITURES NONGOVERNMENTAL ORGANIZATIONS FISCAL CONSTRAINTS BUDGET CONTROL GOVERNANCE INTERGOVERNMENTAL TRANSFERS CIVIL SERVICE REFORMS LOCAL GOVERNMENT BUDGETS EDUCATIONAL REFORM DEBTS FINANCIAL SECTOR REFORM HEALTH FINANCING SOCIAL ASSISTANCE PROGRAMS
Online Access:	http://documents.worldbank.org/curated/en/2002/06/1965808/mongolia-public-expenditure-financial-management-review-bridging-public-expenditure-management-gap http://hdl.handle.net/10986/15390

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Summary:	Mongolia has realized important progress toward more efficient and sustainable public finances over the last decade. However, weaknesses in the institutional and structural reform agenda threaten Mongolia's fiscal balances. The government proposes to grow at 6 percent. This report discusses policy measures needed to ensure success of government programs. Following the introduction, chapter 2 discusses past performance and provides a brief discussion of recent economic and social developments. Chapter 3 discusses future challenges, analyzes the main sources of fiscal pressure on Mongolia's budget, and proposes a sustainable macroeconomic reform path. Chapter 4 evaluates budget execution processes. Chapter 5 discusses the impact of intergovernmental fiscal relations on fiscal balances, and service delivery. Chapter 6 discusses governance. Chapter 7 analyzes budget formulation and policy coordination processes. Chapter 8 discuses public sector resource allocations, with particular emphasis on education, health, and the environment sectors. The report concludes by discussing the importance of putting into place measures to bridge the gap between existing public expenditure management practices and those needed to improve the overall performance of the Mongolian public sector, and proposes a framework within which this can be achieved.