Fiscal Sustainability and the Natural Resource Curse in Resource-Rich African Countries: A Case Study of Uganda

Journal
International; Uganda
Bulletin for International Taxation 2012 (Volume 66), No. 8
Fiscal sustainability has eluded most resource-rich African countries, as they have not used resource rents for social and economic development, and exhibit unsustainable debts, poverty and corruption (the “resource curse”). This article concludes that the “resource curse” is attributable to economic, legal, political and socio-cultural factors.