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Mongolia|finance|January 5, 2021 / 01:09 PM
Mongolia ranked 41st in open budget survey

AKIPRESS.COM - According to an open budget survey (OBS) conducted by the International Budget Partnership, Mongolia ranked 41st out of 117 countries with transparency score of 56, Montsame reports.

Mongolia’s transparency score of 56 in the OBS 2019 is moderately higher than its score (46) in 2017. In OBS 2019, the global average transparency score is only 45 out of 100.

Mongolia has increased the availability of budget information by publishing the Year-End Report online and the Pre-Budget Statement online in a timely manner. However, Mongolia has decreased the availability of budget information by reducing the information provided in the Enacted Budget.

Furthermore, transparency alone is insufficient for improving governance. Inclusive public participation is crucial for realizing the positive outcomes associated with greater budget transparency. Mongolia has a public participation score of 15 (out of 100).

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