Mongolia: Report on Observance of Standards and Codes—Fiscal Transparency Update

IMF Staff Country Reports, May 31, 2005

Source details

Canonical URL: Mongolia: Report on Observance of Standards and Codes—Fiscal Transparency Update

This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency for Mongolia.
Since the publication of the ROSC in late 2001, Mongolia has made significant progress in enhancing transparency practices in the fiscal area.
Actions have been taken under each of the four areas underlying the fiscal transparency code.
A new Public Sector Management and Finance Law (PSMFL) was adopted in June 2002 to set the legal basis for public administration reforms, output budgeting, and accrual accounting.

Significant progress in enhancing fiscal transparency since late 2001.
Implementation of actions across all four areas underlying the fiscal transparency code.
Legal reform: adoption of the Public Sector Management and Finance Law (PSMFL) in June 2002.
PSMFL objectives explicitly include:
- setting the legal basis for public administration reforms;
- establishing output budgeting; and
- providing for accrual accounting.

Publication title: Mongolia: Report on Observance of Standards and Codes—Fiscal Transparency Update
Publication date: May 31, 2005
Series: Country Report No. 2005/170
Issue: 170
Volume: 2005
Pages: 9
DOI: https://doi.org/10.5089/9781451826869.002
Stock No: 1MNGEA2005001
ISBN: 9781451826869
ISSN: 1934-7685
Subjects: Budget planning and preparation, Public debt, Public financial management (PFM)
Keywords: accounting, budget authority, budget entity, budget manager, Budget planning and preparation, CR, ISCR, payment arrears, year-end budget estimate

International Monetary Fund. Mongolia: Report on Observance of Standards and Codes—Fiscal Transparency Update (May 31, 2005).