Uganda Economic Update, April 2016 : Unleashing the Power of Public Investment Management
This Seventh Edition of the Uganda Economic Update discusses the importance of accompanying fiscal strategy with sound public investment management systems. Indeed, a key risk to Uganda's fiscal strategy relates to the potential for public inv...
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| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/06/26431781/smart-budgets-smart-returns-unleashing-power-public-investment-management http://hdl.handle.net/10986/24754 |
| Summary: | This Seventh Edition of the Uganda
Economic Update discusses the importance of accompanying
fiscal strategy with sound public investment management
systems. Indeed, a key risk to Uganda's fiscal strategy
relates to the potential for public investments to fail to
yield the expected growth and welfare dividend. Over the
past decade, for every dollar invested in Uganda’s capital
infrastructure, only seven-tenth of a dollar has been
generated. This is far below countries that have
successfully undergone structural transformation. As an
example, every dollar invested in the development of the
interstate highway network in the United States of America
between 1954 and 2001, generated six dollars’ worth of
economic activity. In other words, Uganda's public
investments are falling short of generating the desired
economic return. The good news is that by improving public
investment management, Uganda can greatly increase her
economic growth rate and social impact of her investment strategy. |
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