Publication:
Mongolia - Consolidating the Gains, Managing Booms and Busts, and Moving to Better Service Delivery : A Public Expenditure and Financial Management Review - Core Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T17:22:15Z
dc.date.available2012-03-19T17:22:15Z
dc.date.issued2009-01-02
dc.description.abstractMongolia's external economic outlook is dramatically changing as it faces sharp reductions in the copper price, caused by the financial crisis and global downturn. This compels the government now to drastically cut spending to prudently manage the budget. The budget is extremely dependent on mining revenues. Government is taking the right step in proposing a balanced budget for 2009. But further adjustments will be needed given the continuing fall in copper prices. A prudent fiscal stance will also be needed to manage inflation, which accelerated in the past year to over 30 percent. The current situation highlights the need to manage mining revenues better than in recent years. Mongolia saved little during the boom years, but instead dramatically increased expenditures on wages and salaries, and poorly-targeted social transfers. Adopting a multi-year fiscal framework-which enforces saving during the boom years, sets limits to expenditure growth and debt, and ensures transparency to the public-can help. Since much of the past windfall revenues have been spent, the country enters the down-turn with little savings and high inflation, forcing it to cut expenditures with every drop in the copper price. To avoid such situations in the future, the government has the opportunity to adopt a transparent, multi-year budget framework for expenditures and investment. This includes adopting a new fiscal responsibility law. It will ensure that the government saves during the 'boom' years, so that it can continue to spend during the 'bust' years. It will also set limits to expenditure growth and public debt. Within the limits set by this framework, parliament can then exercise its constitutional rights to amend the budget.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090208230004
dc.identifier.doi10.1596/3017
dc.identifier.urihttps://hdl.handle.net/10986/3017
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTABILITY MECHANISMS
dc.subjectACCRUAL ACCOUNTING
dc.subjectADVERSE CONSEQUENCES
dc.subjectAGGREGATE DEMAND
dc.subjectALLOCATION
dc.subjectANNUAL BUDGET
dc.subjectAUDIT OFFICE
dc.subjectAUTOMATIC STABILIZERS
dc.subjectBENEFICIARIES
dc.subjectBUDGET BALANCE
dc.subjectBUDGET CYCLE
dc.subjectBUDGET DEFICIT
dc.subjectBUDGET DEFICITS
dc.subjectBUDGET DOCUMENTS
dc.subjectBUDGET ENTITY
dc.subjectBUDGET FRAMEWORK
dc.subjectBUDGET INFORMATION
dc.subjectBUDGET MANAGEMENT
dc.subjectBUDGET PLANNING
dc.subjectBUDGET PREPARATION
dc.subjectBUDGET SITUATION
dc.subjectBUDGET SURPLUSES
dc.subjectBUDGET SYSTEM
dc.subjectBUDGETARY ALLOCATIONS
dc.subjectBUSINESS PLANS
dc.subjectCAPACITY CONSTRAINTS
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL PROJECTS
dc.subjectCAPITAL SPENDING
dc.subjectCENTRAL BANK
dc.subjectCENTRAL GOVERNMENT
dc.subjectCHART OF ACCOUNTS
dc.subjectCIVIL SERVICE
dc.subjectCIVIL SERVICE REFORM
dc.subjectCIVIL SOCIETY ORGANIZATIONS
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVE BIDS
dc.subjectCONSUMPTION SMOOTHING
dc.subjectCOST-EFFICIENCY
dc.subjectCUT SPENDING
dc.subjectCYCLICAL FACTORS
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT MANAGEMENT SYSTEM
dc.subjectDEBT SUSTAINABILITY
dc.subjectDISCRETIONARY ACTION
dc.subjectDONOR ASSISTANCE
dc.subjectDONOR COORDINATION
dc.subjectDONOR FINANCING
dc.subjectDONOR FUNDING
dc.subjectECONOMIC FLUCTUATIONS
dc.subjectECONOMIC GROWTH
dc.subjectEDUCATION EXPENDITURES
dc.subjectEDUCATION SERVICES
dc.subjectEFFICIENCY GAINS
dc.subjectEVALUATION CAPACITY
dc.subjectEXCHANGE RATE
dc.subjectEXOGENOUS SHOCKS
dc.subjectEXPENDITURE ASSIGNMENTS
dc.subjectEXPENDITURE GROWTH
dc.subjectEXPENDITURE MANAGEMENT
dc.subjectEXPENDITURES
dc.subjectEXTERNAL AUDIT
dc.subjectFINANCIAL AUDITS
dc.subjectFINANCIAL BURDEN
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MANAGEMENT INFORMATION
dc.subjectFINANCIAL MANAGEMENT INFORMATION SYSTEM
dc.subjectFINANCIAL MANAGEMENT SYSTEM
dc.subjectFINANCIAL MANAGEMENT SYSTEMS
dc.subjectFISCAL AFFAIRS
dc.subjectFISCAL BALANCE
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL DECISIONS
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICIT TARGET
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICY
dc.subjectFISCAL POSITION
dc.subjectFISCAL REVENUE
dc.subjectFISCAL RULES
dc.subjectFISCAL STANCE
dc.subjectFISCAL SUSTAINABILITY
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT PRIORITIES
dc.subjectGOVERNMENT REVENUES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHEALTH CARE
dc.subjectHEALTH EXPENDITURE
dc.subjectHEALTH EXPENDITURES
dc.subjectHEALTH FINANCING
dc.subjectHEALTH INSURANCE
dc.subjectHEALTH INSURANCE FUND
dc.subjectHEALTH MINISTRY
dc.subjectHEALTH OUTCOMES
dc.subjectHEALTH SECTOR
dc.subjectHEALTH SERVICES
dc.subjectHEALTH SPENDING
dc.subjectINFLATION
dc.subjectINFORMATION ASYMMETRY
dc.subjectINFRASTRUCTURE SERVICES
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL CONTROLS
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMANAGEMENT CONTROLS
dc.subjectMARKET ECONOMY
dc.subjectMARKET FAILURES
dc.subjectMASTER PLAN
dc.subjectMEDIUM-TERM EXPENDITURE
dc.subjectMEDIUM-TERM EXPENDITURE FRAMEWORK
dc.subjectMEDIUM-TERM FISCAL FRAMEWORK
dc.subjectNATIONAL AUDIT
dc.subjectNATIONAL STATISTICS
dc.subjectNATIONAL STATISTICS OFFICE
dc.subjectOUTPUT RATIO
dc.subjectPERFORMANCE CONTRACTING
dc.subjectPERFORMANCE CONTRACTS
dc.subjectPERFORMANCE MANAGEMENT
dc.subjectPERFORMANCE MANAGEMENT FRAMEWORK
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE INDEX
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR GROWTH
dc.subjectPROCUREMENT POLICY
dc.subjectPROGRAMS
dc.subjectPUBLIC BUDGET
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC DEFICIT
dc.subjectPUBLIC DEFICITS
dc.subjectPUBLIC EDUCATION
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE POLICY
dc.subjectPUBLIC EXPENDITURE TRACKING
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectPUBLIC FINANCIAL MANAGEMENT SYSTEMS
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC HEALTH
dc.subjectPUBLIC HEALTH INTERVENTIONS
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENT PROGRAM
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC REVENUE
dc.subjectPUBLIC REVENUES
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR MANAGEMENT
dc.subjectPUBLIC SERVICE
dc.subjectPUBLIC SERVICE DELIVERY
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SPENDING
dc.subjectRECURRENT EXPENDITURES
dc.subjectRESOURCE ALLOCATION
dc.subjectRESOURCE MANAGEMENT
dc.subjectREVENUE LEVELS
dc.subjectREVENUE SOURCES
dc.subjectSCHOOL MANAGEMENT
dc.subjectSERVICE DELIVERY
dc.subjectSOCIAL ASSISTANCE
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL SECURITY SYSTEM
dc.subjectSOCIAL TRANSFER
dc.subjectSOCIAL WELFARE
dc.subjectSTRENGTHENING BUDGET EXECUTION
dc.subjectSUPREME AUDIT INSTITUTIONS
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectTAX ADMINISTRATION
dc.subjectTAX COLLECTION
dc.subjectTAX POLICY
dc.subjectTOTAL EXPENDITURES
dc.subjectTOTAL PUBLIC SPENDING
dc.subjectTRANSPARENCY
dc.subjectTREASURY MANAGEMENT
dc.subjectTREASURY SYSTEM
dc.subjectUNCERTAINTY
dc.titleMongolia - Consolidating the Gains, Managing Booms and Busts, and Moving to Better Service Delivery : A Public Expenditure and Financial Management Review - Core Reporten
dspace.entity.typePublication
okr.date.disclosure2009-02-05
okr.date.doiregistration2025-05-07T11:12:22.755935Z
okr.doctypeEconomic & Sector Work::Integrated Fiduciary Assessment
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090208230004
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid206561495174332373
okr.guid289681468323667468
okr.guid836081468286288913
okr.guid758421495173921481
okr.identifier.externaldocumentum000333037_20090208230004
okr.identifier.internaldocumentum10235297
okr.identifier.report43353
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/02/08/000333037_20090208230004/Rendered/PDF/433530ESW0MN0v1eb05020090Box334131B.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMongolia
okr.region.geographicalEast Asia
okr.region.geographicalAsia
okr.sectorHealth
okr.sectorGeneral public administration sector
okr.sectorGeneral finance sector
okr.sectorGeneral education sector
okr.sectorHealth and other social services
okr.sectorPublic Administration
okr.sectorLaw
okr.sectorPublic Administration, Law, and Justice
okr.sectorFinance
okr.sectorEducation
okr.themePublic expenditure
okr.themePublic expenditure, financial management and procurement
okr.themeOther accountability/anti-corruption
okr.themeDecentralization
okr.themeCorporate governance
okr.themeAdministrative and civil service reform
okr.themeFinancial and private sector development
okr.themePublic sector governance
okr.topicPublic Sector Economics and Finance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Expenditure Analysis and Management
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPublic Sector Development
okr.unitLibrary & Archives ofDevelopment (ISGLA)
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