Raising and Sharing Revenues from Natural Resources : A Review of Country Practices

Natural resources offer opportunities, but also bring challenges. They have generally been linked to a series of negative outcomes like economic decline, corruption, and conflict. Oil and minerals reserves, in particular, are often very spatially c...

Full description

Bibliographic Details
Main Authors:	Brosio, Giorgio, Singh, Raju Jan
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	SURCHARGES EFFICIENCY LOSSES SUB-NATIONAL GOVERNMENTS REVENUE SHARING DURABLE GOODS INTERGENERATIONAL EQUITY RENEWABLE RESOURCES ENVIRONMENTAL DAMAGES SAL CITY PUBLIC ECONOMICS CENTRAL GOVERNMENT SPENDING PRODUCERS RESOURCE MANAGEMENT PROPERTY RIGHTS LOCAL GOVERNMENTS FINANCIAL RESOURCES CURRENT EXPENDITURES TIMBER TAX BASES EMISSIONS POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES POLITICAL DECENTRALIZATION REVENUE MANAGEMENT FISCAL POLICY INCENTIVES PROVINCES PUBLIC BUDGETS TAX FEDERAL SYSTEMS EXPLOITATION ACTIVITIES TAXABLE INCOME CONDITIONALITY SECTOR MINISTRY DEVELOPED COUNTRIES MUNICIPALITIES TOXIC SUBSTANCES SUBNATIONAL ECONOMIC ACTIVITY PRESENT VALUE REVENUE VOLATILITY INTERMEDIATION MINISTRY EXPLOITATION OIL PRICES FEDERAL COUNTRIES OIL INTERGOVERNMENTAL RELATIONS PUBLIC FINANCE MANAGEMENT DISTRICT PROVINCIAL GOVERNMENT TAX LIABILITIES OPTIONS EXTERNALITIES MINISTRY OF ENERGY TRANSFERS OPEC CENTRALIZATION DEBT TAX BASE PUBLIC FINANCE CENTRAL GOVERNMENTS FORESTRY EXPENDITURE CUTS SUBNATIONAL GOVERNMENT TAX REVENUES DIVIDENDS PRICE SUBSIDIES NATURAL RESOURCES SUBSIDIES EFFICIENCY INFRASTRUCTURE TAXES ENTITLEMENTS CAPITAL CONSTRAINTS EXPENDITURE RESOURCES SUB-NATIONAL NET REVENUES TAX INSTRUMENTS EQUITY POTENTIAL INVESTORS TAX CREDIT ECONOMIC IMPACT TAX RATE ENVIRONMENTAL POLICY FISCAL FRAMEWORK PUBLIC EXPENDITURE DISTRICT ASSEMBLIES MARKET PRICES PROVINCE POLICY MAKERS CREDIT CENTRAL GOVERNMENT MINES LEVEL OF GOVERNMENT EXPENDITURES PUBLIC GOVERNANCE PROPERTY TAX RATES SUBNATIONAL UNITS BLOCK GRANTS OPPORTUNITY COSTS FEDERAL SYSTEM OF GOVERNMENT TAX LIABILITY ENVIRONMENT TAX SHARING ECONOMICS TAX REVENUE DISCOUNT RATES ELECTRICITY PRICES TAXATION ECONOMIC DEVELOPMENT TRADE TAX PURPOSES LAND MUNICIPALITY MINISTRY OF FINANCE FISCAL MANAGEMENT CONSTITUTIONAL MANDATE POVERTY TAX REVENUE SHARING COAL SUBNATIONAL GOVERNMENTS SUSTAINABLE EXPLOITATION MACROECONOMIC IMPACT TAXPAYERS TAX ADMINISTRATION FEDERALISM DECENTRALIZATION REVENUE POLICY OBJECTIVES TAX TREATMENT COMMUNITY POLICY FORMULATION ENVIRONMENTAL POLICY INSTRUMENTS PROFITS PUBLIC GOOD FISCAL DECENTRALIZATION DISTRICTS PRICES OIL SECTOR PRODUCTION COSTS ECONOMIES REVENUE FLUCTUATIONS PUBLIC GOODS
Online Access:	http://documents.worldbank.org/curated/en/2015/08/24919978/raising-sharing-revenues-natural-resources-review-country-practices http://hdl.handle.net/10986/22478