Dependence on Extractives Revenues in Uganda

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The Global Post wrote in early 2011 that Uganda's government will receive about US $2 billion annually from oil for each of the next twenty years, noting the relative size of the oil revenue windfall when compared to Uganda's annual budget of $2.4 billion or its GDP of $17 billion.[1] The Swedish Embassy in Kampala wrote in mid-2011 that, although price volatility makes it difficult to predict the revenue stream from oil, public revenues are projected to double in about 5-10 years time.[2]

References

  1. "Uganda's new oil will have far-reaching effects", Global Post, 18 February 2011.
  2. "Uganda budget 11/12: Promoting Economic Growth, Job Creation and Improved Service Delivery.", Embassy of Sweden Kampala, retrieved 11 January February 2011.