Kiiza David Maclaren

FISCAL REGIME DESIGN AND REVENUE COLLECTION RESOURCE ECONOMICS Thought-provoking questions: 1.     What are the key concepts in resource economics? 2.     How does uncertainty in resource extraction influence the design of the fiscal regime? 3.     How might differences in resource endowments across countries result in different fiscal policies? Good morning or good afternoon, depending where you are. I'm privileged to have an opportunity to spend some time addressing the fiscal regimes for extractive industries. I have quite a lot of material to present and so I hope you will bear with me. I'm going to cover the fundamentals of resource economics to start with and then move on to the principles and practices of fiscal policy for extractives, then spend some time talking about fiscal regime design and some of the challenges around that and then finally move on to the question of revenue administration, which may be the last but by no means the least topic. Throu

“I took part in the first beauty pageant” Cecilia Ogwal (right) and Inset, poses with the organisers and other finalists for the beauty pageant in 1969. She says although the pageant was won by the finalist from Fort Portal, the media reported that she was the Miss Uganda and it has never been clarified since.   By Esther Oluka Lameck Ogwal, my husband, then my fiancé, used to tease me that he was going to marry the most beautiful girl in Uganda. I would laugh it off saying, “You cannot say I am the most beautiful girl in Uganda unless you weigh my beauty and that of other girls on a machine.”  But one day, he brought me the Argus newspaper that had an advertisement of the Brooke Bond Tea beauty queen pageant. Participants had to apply and be subjected to oral interviews. Ogwal told me this would be the ideal weighing machine for my beauty and encouraged me to take part in it. I had just completed my bachelor’s degree in Commerce at the East African Universi