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Fiscal Sustainability in Mongolia in 2018

Briefing
5 February 2019
Download
Fiscal Sustainability in Mongolia in 2018 (PDF 2.21 MB)
Topics
Revenue management, Revenue sharing, Subnational governance, Tax policy and revenue collection
Countries
Mongolia
Stakeholders
Civil society actors, Government officials, Journalists and media, Parliaments and political parties, Private sector
Precepts
P7 P8 P9 What are Natural Resource Charter precepts?
Social Sharing

Монгол »

The authors of this report analyze Mongolia’s public finance outlook and risks to the country’s economic sustainability using an advanced macro-fiscal model.
 
Though Mongolia’s fiscal solvency challenges seem resolved for now, the underlying problem of fiscal sustainability remains. The government continues to carry a high level of debt and is very dependent on commodity revenues. Until debt stabilizes, the authors suggest that the Mongolian government should prioritize debt reduction rather than focus on increasing the balances of the Fiscal Stability Fund and Future Heritage Fund.

They also recommend that the government continue with reforms directed at improving fiscal discipline; make budget revenue projections with more caution in order to stabilize expenditure; and continue with the current fiscal consolidation model and comply with fiscal rules in order to prepare for negative mining shocks.

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  • Topics
    Beneficial ownership
    Civic space
    Commodity prices
    Contract transparency and monitoring
    Corruption
    Economic diversification
    Global initiatives
    Legislation and regulation
    Licensing and negotiation
    Mandatory payment disclosure
    Measurement of environmental and social impacts
    Measurement of governance
    Open data
    Revenue management
    Revenue sharing
    Sovereign wealth funds
    State-owned enterprises
    Subnational governance
    Tax policy and revenue collection
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    Array
  • Priority
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