Website for Glass Account Act is reported to be launched. The Mongolian parliament approved the Budget transparency law “Glass Account Act” in July 2014 and it became effective from the January, this year. The overall objective of the law is to establish an information system for transparent, open and comprehensive process of decision- making and activities for budget governance and public oversight in order to effectively manage the state and local budget as well as state and local properties/or assets. One of the law implementing actions is to launch a website.

The website will provide links to access budget, investments, tenders, stocks, and expenditure statements of about some 6000 offices, including the Office of the President, the State Great Khural, the Cabinet, state agencies, state budget funded organizations, and state owned companies. The website is designed to allow the public and civil servants to directly access public financial information.