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:
ADB
BID
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
id okr-10986-2939
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic 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
spellingShingle 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
World Bank
Mongolia - Improving Public Investment Planning and Budgeting
geographic_facet East Asia and Pacific
East Asia
Asia
Mongolia
description 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.
format Economic & Sector Work :: Investment Climate Assessment (ICA)
author World Bank
author_facet World Bank
author_sort World Bank
title Mongolia - Improving Public Investment Planning and Budgeting
title_short Mongolia - Improving Public Investment Planning and Budgeting
title_full Mongolia - Improving Public Investment Planning and Budgeting
title_fullStr Mongolia - Improving Public Investment Planning and Budgeting
title_full_unstemmed Mongolia - Improving Public Investment Planning and Budgeting
title_sort mongolia - improving public investment planning and budgeting
publisher World Bank
publishDate 2012
url 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
_version_ 1764386197189165056
spelling okr-10986-29392021-04-23T14:02:05Z Mongolia - Improving Public Investment Planning and Budgeting World Bank 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 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. 2012-03-19T10:25:11Z 2012-03-19T10:25:11Z 2010-09-01 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 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Investment Climate Assessment (ICA) East Asia and Pacific East Asia Asia Mongolia