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.

Results

Open Budget Index

The Government of Mongolia has achieved a significant improvement in its Open Budget Index scores.

World Happiness Report

Mongolia has seen a marked rise in its Happiness ranking in the World Happiness Report.

Related Stories

Sri Lanka

Sri Lanka

The Integrated Treasury Management Information System (ITMIS) in Sri Lanka is part of a major reform initiative towards improved fiscal management in Sri Lanka through the Fiscal Management Efficiency Project.

Liberia

Liberia

Since 2010, the Government of Liberia has successfully leveraged the FreeBalance Accountability Suite™ to enable modern comptrollership and governance throughout the public sector.

Guyana

Guyana

FreeBalance has been working with the Government of Guyana to increase transparency, provide better and more timely information and facilitate the linkage of resources to results and poverty reduction program goals.