Macro-economic and fiscal impacts of land reform in Uganda: Lessons drawn from bank funded operations in PSCP and CEDP
Moses K. Kibirige, Richard Oput, Suha Satana
This paper aims to shed light on selected impacts of the land reform efforts in Uganda with a broader view on how the economy has been impacted, and would continue to be impacted. Starting from a very low base, the formal real estate market has reached an estimated annual size of some US$ 3.4 billion corresponding to about 14% of GDP. The mortgage market has reached close to MDO of 1% of GDP, and with potential to 5% in the next ten years. The adjusted monetary value of time saved, only for last three years and for the sales and mortgage transactions, attains an important magnitude of US$ 7 million. Finally, accumulated fiscal revenue generated by the project from FY12/13to FY 16/17 exceeded US$ 113 million, twice the land-component investment in CEDP. Progress is being made to enhance collections in property tax, which relies on the project’s valuation service.
Event: Land Governance in an Interconnected World_Annual World Bank Conference on Land and Poverty_2018
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