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Budget Law

This document is part of the source library for NRGI's 2021 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

Data and Resources

Additional Info

Field Value
Sector Mining
Country Mongolia
Year
RGI Edition Year 2021
Topic Mandatory payment disclosure, Revenue management, Revenue sharing, Sovereign wealth funds, State-owned enterprises, Subnational governance, Tax policy and revenue collection
Document Type DOC
RGI Sub-component
RGI Questions 1.2.5f: Who is the tax authority (i.e. who has the authority to collect taxes and payments from extractive companies)?,
1.2.6a: Is the government required to make all payments to the national treasury or deposit them into a national resource account, aside from amounts legally retained by SOEs?,
2.1.2b: Do rules require that an external body periodically monitor the government's adherence to the numerical fiscal rule?,
2.2a: Does the central government transfer extractive resource revenues to subnational governments?,
2.2b: Are there specific rules governing the transfer of extractive resource revenues (i.e. are these rules distinct from those governing other types of transfers)?,
2.2c: Do rules specify that subnational governments of producing areas should receive a higher share of extractive resource revenues than those of non-producing areas?,
2.2.1a: Do rules specify which subnational agencies receive the extractive resource revenues transferred from the central government?,
2.2.2a: Do rules specify a formula governing the transfer of extractive resource revenues between the central government and subnational governments?,
2.2.2b: If there is a formula governing the transfer of extractive resource revenue between the central government and subnational governments, does this formula specify the amount of revenue received by each subnational government?,
2.3.3a: Is the sovereign wealth fund prohibited from investing in domestic assets without budgetary approval?
Did this document contribute to RGI scoring? Used for scoring
Are the RGI questions here tagged with law and/or practice Law
Publisher
Author
Source or API link https://www.legalinfo.mn/law/details/12254
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute