Sunday, 4 December 2016

Sharing Resource Revenues: Common Mistakes and How to Get it Right

from the International Monetary Fund: Public Financial Management Blog (Making Public Money Count)

Posted by Andrew Bauer and Sofi Halling

In nearly every country, subnational governments receive public funds, either through direct tax collection or intergovernmental transfers. But in more than 30 countries—from Bolivia to Canada to DRC to Indonesia—policymakers have chosen to create a special revenue sharing system to distribute non-renewable natural resource revenues (see map below). A recently published report by the Natural Resource Governance Institute (NRGI) and the United Nations Development Programme (UNDP) examines this important topic.

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