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Managing a Modest Boom: Oil Revenues in Uganda

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  • Mark Henstridge
  • John Page

Abstract

This paper seeks to de-mystify the opportunities and challenges of oil in Uganda: not much oil revenue will arrive for at least a decade; it will then climb to 3-9 percent of GDP for about 20 years. It will not transform Uganda, but can be beneficial or disruptive. To manage a modest boom, policy needs to focus on growth and competitiveness now. Careful choices on spending and the quality of public investment are essential. Institutional and regulatory reform, infrastructure, skills and specialist knowledge can strengthen the investment climate. A strategy for economic diversification focused on agriculture, ‘investing to invest’, and connecting to the coast is also needed.

Suggested Citation

  • Mark Henstridge & John Page, 2012. "Managing a Modest Boom: Oil Revenues in Uganda," OxCarre Working Papers 090, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    • Handle: RePEc:oxf:oxcrwp:090
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    Cited by:

    1. Hinh T. Dinh & Russel Dinh, 2016. "Managing Natural Resources for Growth and Prosperity in Low Income Countries," Research papers & Policy papers 1600, Policy Center for the New South.

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