Dependence on Extractives Revenues in Uganda

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. 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.

=References=