need to take note of different revenue structures because revenue appropriation strategy depends on specific characteristics of the economy. For example, the permanent income hypothesis (PIH) is useful for commodity exporters, 27 especially for countries that collect revenue from nonrenewable resources (PNG; Timor Leste). In this case, the non-resource primary balance as a percentage of non-resource GDP can be an option as a fiscal target to smooth resource earnings and promote intergenerational equity. Consumption from resource revenue should be a fixed proportion
Uganda’s National Development Plan (NDP) stipulates medium-term strategic direction, development priorities, and implementation strategies. It also details Uganda’s current development status, challenges, and opportunities. The contribution of this NDP to the socioeconomic transformation will be demonstrated by improved employment levels, higher per capita income, improved labor force distribution in line with sectoral GDP shares, substantially improved human development and gender equality indicators, and the country’s competitiveness position, among others. The impressive GDP growth performance has contributed to a significant reduction in poverty levels.