Mongolia - Improving Public Investment Planning and Budgeting

This note focuses on the second of these reform agendas, and in particular on how the institutional and organizational system for public investment planning and budgeting can be improved. Considerable analytical work has already been done on the ma...

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Bibliographic Details
Main Author:	World Bank
Format:	Investment Climate Assessment (ICA)
Language:	English
Published:	World Bank 2012
Subjects:	ACTIVITIES OF LINE MINISTRIES ADB AGGREGATE EXPENDITURE AGGREGATE FISCAL AGGREGATE FISCAL DISCIPLINE AGGREGATE LIMITS ALLOCATION ALLOCATION OF FUNDS ANNUAL BUDGET ANNUAL BUDGET PREPARATION ANNUAL BUDGET PROCESS APPROPRIATION APPROPRIATIONS ASSET PORTFOLIO AUDIT OFFICE AUDITORS AUTONOMY BID BIDS BORROWINGS BUDGET AMENDMENTS BUDGET BALANCE BUDGET DATA BUDGET DISCUSSIONS BUDGET DOES BUDGET EXECUTION BUDGET FRAMEWORK BUDGET LAW BUDGET LEGISLATION BUDGET PRACTICES BUDGET PROPOSAL BUDGET PROPOSALS BUDGET SURPLUSES BUDGET SYSTEM BUDGET SYSTEMS BUDGETARY APPROPRIATIONS BUDGETARY AUTHORITY BUDGETARY PROCEDURES BUDGETING PROCESS CAPACITY CONSTRAINTS CAPITAL ASSET CAPITAL ASSETS CAPITAL BUDGET CAPITAL BUDGET SUBMISSIONS CAPITAL BUDGETING CAPITAL BUDGETS CAPITAL CONSTRUCTION CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL PROJECTS CAPITAL STOCK CIVIL SERVANTS CIVIL SERVICE CONTINGENT LIABILITIES COST ESTIMATES COST-BENEFIT ANALYSIS CREDIBILITY DEBT LIMIT DEVELOPING COUNTRIES DISBURSEMENTS DIVERSIFICATION DIVISION OF RESPONSIBILITIES DOMESTIC INVESTMENT DONOR ASSISTANCE ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC REFORM EMERGING MARKET EMERGING MARKET ECONOMIES EQUIPMENT EVALUATION CRITERIA EXCHANGE RATE EXCHANGE RESERVES EXECUTIVE BUDGET EXECUTIVE BUDGET PROPOSAL EXPENDITURE CATEGORIES EXPENDITURE CEILING EXPENDITURE CEILINGS EXPENDITURE CUTS EXPENDITURE GROWTH FINANCE MINISTRY FINANCIAL ANALYSIS FINANCIAL POLICY FINANCING SOURCES FISCAL AGGREGATES FISCAL CONSTRAINTS FISCAL DEFICIT FISCAL DISCIPLINE FISCAL FRAMEWORK FISCAL POLICY FISCAL RISKS FISCAL RULES FISCAL STABILITY FISCAL TARGETS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FUNDS FOREIGN LOANS FUNDING SOURCE GOVERNMENT EXPENDITURES GROSS DOMESTIC PRODUCT GROWTH RATE HOLDING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT INFLATION INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROJECTS INSTRUMENT INTERNATIONAL BANK INVENTORY INVESTMENT PLAN INVESTMENT PLANS INVESTMENT PORTFOLIO INVESTMENT PROJECTS INVESTMENT PROPOSALS INVESTMENT RATES INVESTMENT REQUIREMENTS INVESTMENT STRATEGY KEY CHALLENGE LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL PROVISION LOCAL BUDGETS LOCAL CAPACITY LOCAL CURRENCY LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG TERM ASSETS MACRO-STABILITY MARKET ECONOMIES MARKET FAILURES MASTER PLAN MINISTERIAL COORDINATION MINISTRY OF FINANCE MISALLOCATION OF RESOURCES MOBILE PHONE MONETARY FUND NATIONAL AUDIT NATIONAL BUDGET NATIONAL DEVELOPMENT NATIONAL DEVELOPMENT PLAN NATIONAL PRIORITIES NATIONAL PRIORITY NATURAL RESOURCES OPERATIONAL EFFICIENCY OUTPUT RATIO POLICY FORMULATION POLITICAL ECONOMY PORTFOLIO POVERTY REDUCTION PRESENT VALUE PRIVATE FINANCING PRIVATE INVESTMENTS PRIVATE SECTOR PROCUREMENT POLICY PRODUCTIVITY PROGRAMS PROVINCIAL GOVERNMENTS PUBLIC ADMINISTRATION PUBLIC CAPITAL PUBLIC DEBT PUBLIC ENTITIES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE PATTERNS PUBLIC EXPENDITURES PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAM PUBLIC INVESTMENT SPENDING PUBLIC INVESTMENTS PUBLIC PRIVATE PARTNERSHIPS PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR SPECIALIST RATES OF RETURN RECESSION RECURRENT EXPENDITURES REGULATORY FRAMEWORK RESERVE RESERVE FUNDS RESOURCE AVAILABILITY RETURN RETURNS ROAD CONSTRUCTION ROAD MAINTENANCE ROAD NETWORK SECTOR CEILINGS SECTOR MINISTRY SECTOR POLICY SECTORAL POLICIES SOCIAL DEVELOPMENT STATE PROPERTY STRATEGIC PLANS STRUCTURAL DEFICIT SUBSIDIARY TECHNICAL ASSISTANCE TRANSITION COUNTRIES TRANSPORT URBAN DEVELOPMENT WAGES
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20101122022539 http://hdl.handle.net/10986/2939

Description
Summary:	This note focuses on the second of these reform agendas, and in particular on how the institutional and organizational system for public investment planning and budgeting can be improved. Considerable analytical work has already been done on the macroeconomic and fiscal framework, and the Fiscal Stability Law (FSL), prepared with on-going technical assistance from the International Monetary Fund and the World Bank, was recently approved by the parliament. The framework for public investment planning however is in a state of flux, and there is a risk that the rapid changes currently underway will result in fragmentation of planning from budgeting, and within planning across financing sources. The on-going changes therefore provide both an opportunity and a risk, and this note is an attempt to crystallize the Bank's on-going technical assistance in this area in one document. The note complements, and draws on, other analytical activities by the Bank, including a governance and political economy assessment of the public investment system in Mongolia, and the development of a new framework for public investment management in resource dependent countries.

Mongolia - Improving Public Investment Planning and Budgeting

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