Parliament and Extractive Industries: Unit 7: Stage 4. Revenue Management

 

Learning Objectives

Responsible Spending

After studying this unit, you should be able to:

  • Know how to link the spending of the extractive industries revenues to the budget and to the strategic framework
  • Know how Parliament can impact the monitoring of spending
  • Appreciate the importance of different types of audits

 

Introduction and Overview

If the revenues of extractive industries are used well, the resources can create long-term economic growth and development. This Unit will address the issue of revenue management and link it to the budget, medium term frameworks and the strategic framework for the extractive industries sector. The Unit will focus on financial auditing of the public sector, and ways in which the legislature can use its oversight function and hold the government to account regarding its spending behaviour.

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