Good progress has been made… in the functioning of the Treasury Single Account (TSA); and the expenditure limits exercised through the Government Financial Management Information System.
– 2015 Mongolia PEFA Assessment
Since 2003, FreeBalance has worked with the Government of Mongolia to implement and support an integrated public financial management system. Transparency helps improve governance, particularly for high-growth resource-rich countries like Mongolia and the country has seen “dramatic improvements” in budget transparency as noted by the International Budget Partnership Open Budget Index (OBI). The adoption of new budget preparation software using the FreeBalance Accountability Suite™ Version 7 enabled these improvements in the Government of Mongolia’s reporting.