Mongolia Public Financial Management Performance Report
This public financial management performance report (PFM-PR) is the first assessment of Mongolia’s PFM system using the public expenditure and financial accountability (PEFA) framework. The report aims principally to establish an objective baseline...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/05/24527552/mongolia-public-financial-management-performance-report http://hdl.handle.net/10986/22093 |
| Summary: | This public financial management
performance report (PFM-PR) is the first assessment of
Mongolia’s PFM system using the public expenditure and
financial accountability (PEFA) framework. The report aims
principally to establish an objective baseline measure of
current PFM performance, highlighting areas of absolute and
relative strength and weakness, thereby enabling a
stock-taking of over a decade of PFM reforms in Mongolia and
guiding the government in its reform priorities. The
assessment covers PFM at the budgetary central government
level. The PEFA is an evidence-based methodology that
measures the performance of a country’s PFM system at a
particular point in time using a set of standardized
indicators. The assessment is done on six dimensions of an
open and orderly PFM system identified by the framework,
which are: credibility of the budget; comprehensiveness and
transparency; policy-based budgeting; predictability and
control in budget execution; accounting, recording, and
reporting; and external scrutiny and audit. This PEFA
assessment will complement the considerable work that has
already taken place on public expenditure management, which
includes regular economic updates, public investment
reviews, procurement reviews, analytic work conducted and
supported by the World Bank funded technical assistance
projects, as well as technical assistance mission reports of
the International Monetary Fund (IMF). |
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