Uganda governor troubled by effect of low oil prices on public finances
Public revenues from oil over the long term will be lower’ than expected, says Mutebile
Emmanuel Tumusiime-Mutebile, the Bank of Uganda governor, believes oil price uncertainty will have a crucial impact on macroeconomic stability in the country.
"We have to be honest and recognise that it has become more likely that public revenues from oil over the long term will be lower than we had previously expected," the governor noted, at a conference last week in Kampala.
Mutebile said the country must have "a far-sighted long-term fiscal policy" which recognises the inherent risks to the
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