Uganda Economic Update, 11th Edition, May 2018 : Financing Growth and Development - Options for Raising More Domestic Revenues
Uganda's fiscal policy has remained mainly expenditure driven, with domestic revenue continuing to lag. This has resulted in a widening financing gap. In the 10-year period to 2017, the total valueof public expenditure increased from 15 percen...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/425631526323380885/Uganda-economic-update-11th-edition-financing-growth-and-development-options-for-raising-more-domestic-revenues http://hdl.handle.net/10986/29916 |
| Summary: | Uganda's fiscal policy has remained
mainly expenditure driven, with domestic revenue continuing
to lag. This has resulted in a widening financing gap. In
the 10-year period to 2017, the total valueof public
expenditure increased from 15 percent of GDP to more than 20
percent. During this time, the tax-to-GDP ratio grew by an
average annual rate of 0.2 percentage points, with the value
of collected revenues increasing from 10 to 13.8 percent of
GDP over the same period. By 2016, the value of
Uganda's collected per capita revenues stood at US$ 211
of PPP adjusted to 2011 international dollars. This covered
66 percent of general government expenditures, with the
remainder covered by loans and grants. The gap between
revenues and expenditures could continue to increase into
the future, with the expenditure increasing to meet the need
to develop thestock of physical infrastructure and to raise
the quality and quantity of social services to meet the
needs of Uganda’s rapidly expanding population. |
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