On June 9, Chief of Staff of the Office of the President of Mongolia P.Tsagaan submitted the renewed composition of the draft law on Glass account to the Speaker of the Great Khural Z.Enkhbold. The draft has been initiated by the President Elbegdorj, based on the recommendations of the National Security Council on implementing the President’s initiative “From a Big Government to a Smart Government”.

The law draft has an aim to improve a procedure of reporting budget income and expenditure, credit and debt guarantees, to refine activities of related officials and a monitoring, to expand the people's knowledge about budget, and to ensure a civil participation in the budgetary actions.