Social and Economic Spending

Once revenue is shared and managed, the revenue is to be spent by the government by prioritizing development programs. Considering that natural resoruces reveneues tend to be volatile and finite,  governments ought to be prudent and wise in the manner they spend it. This section contains resources on the best practices as well as spending patterns in developing countries and the impacts of these revenues.


 


1. Extractive Industries Transparency Initiative (EITI): The Impact of the Extractive Industries on Economic Growth and Social Development

https://eiti.org/social-economic-spending

The page contains information on the manner in which revenues from the extractive industry can be properly managed by the government, companies and citizens in an accountable and transparent manner. Further, links to various EITI articles relevant to the subject are included.

2. Natural Resource Governance Institute (NRGI), Managing and Spending Natural Resource Revenues

http://www.resourcegovernance.org/sites/default/files/documents/nrgi_revenue-management_briefing_eng_20150310.pdf

This page contains information on the nature of natural resource revenues and the manner in which they ought to be spent in accordance with Precept 7 of the Natural Resource Charter.

3. Extractive Industries Transparency Initiative (EITI): Revenue Collection

https://eiti.org/revenue-collection

This page contains information on the EITI Requirement 4 regarding revenue collection, defining what extractives revenues include, the level of detail required, and requirements for data quality and timeliness. Links are provided to various other resources including Revenue Data collected from EITI implementing countries.

4. Extractive Industries Transparency Initiative (EITI): Revenue Allocation

https://eiti.org/revenue-allocation

This page contains information on how revenue from Extractives Industry collected from EITI countries is distributed and how it benefits the economies of these extracting countries.

5. Social and Economic Impacts of Gold Mining, World Gold Council

http://www.gold.org/gold-mining/economic-contribution/social-economic-impact

This is an independent report produced for the World Gold Council by development economics agency Maxwell Stamp. This study builds on the other research detailed in it, with a wide range of additional industry sources, and provides a broad and detailed set of indicators demonstrating how formal gold mining contributes to socio-economic growth and development at the global, national and community level. (Text Courtesy of the World Gold Council)

6. EITI, Article by Zainab Ahmed: Deepening Knowledge About How Oil Money Is Spent

https://eiti.org/blog/deepening-knowledge-about-how-oil-money-is-spent

In this article, the writer analyses how extractives revenues in Nigeria were spent in the period 2007-2011.

Our database is continuously updated

if you are aware of publicly available information that is not included, we would be grateful to be notified at info@extractives-baraza.com

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