The regional governance law (Law no 23 of 2014) introduced in October 2014 will have a significant impact on land licensing. The new law transfers authority for issuing permits in forestry, fisheries, mining and oil and gas, from district to provincial governments. District governments no long have authority to issue new permits, but are required to continue management and monitoring of concession permits issued prior to the introduction of the law until its end date.
What are the financial implications of this policy for revenues and budget allocations?
