Mongolia: Report on the Observance of Standards and Codes-Fiscal Transparency

December 10, 2001

Summary

This report provides an assessment of fiscal transparency practices in Mongolia against the requirements of the IMF Code of Good Practices on Fiscal Transparency. This paper analyzes the government's participation in the financial and nonfinancial sectors of the economy. Executive Directors appreciated the achievements, and stressed the need for improvements in the areas of fiscal transparency. They emphasized the need for addressing weaknesses of fiscal data, maintaining a legal framework for fiscal control, and strengthening the audit mechanism.

Subject: Auditing, Budget planning and preparation, Contingent liabilities, Fiscal accounting and reporting, Fiscal law, Fiscal policy, Public financial management (PFM)

Keywords: accounting system, Auditing, budget, budget law, Budget planning and preparation, Contingent liabilities, CR, Fiscal accounting and reporting, Fiscal law, government, government activity, government decree, government deficit, government of Mongolia, government power, government's program, ISCR, Mongolia, program of privatization, role vis-à-vis government, soum government

Pages:
18
Volume:
2001
DOI:
https://doi.org/10.5089/9781451826821.002
Issue:
218
Series:
Country Report No. 2001/218
Stock No:
1MNGEA0022001
ISBN:
9781451826821
ISSN:
1934-7685

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