Oil Revenue by Allocation (Budget/NIOC/Plan Org/B.P.C.), 1955/56-1962/63_

Event_Log

1. 011955Second Seven-Year Plan launched; First Seven-Year PlanAssociation

   Why this link: This chart's entire classification scheme (splitting oil revenue into Budget vs NIOC vs Plan Organization vs B.P.C. shares) exists because the Second Plan needed a formal allocation mechanism for oil-financed development spending. The Plan Organization consistently receives the single largest allocation share -- $72.6m of $140.7m total in 1956/57 (52%), rising to an estimated $162m of $302m by 1961/62 -- confirming oil revenue's role as the Plan's primary funding source.

   Caveat: 1959/60-1962/63 figures are explicitly labeled Plan Organization ESTIMATES (assuming 8%/yr growth), not verified actuals -- the smooth $260m to $302m progression for those years reflects a modeling assumption baked into the original 1960 World Bank source table, not confirmed receipts.

   Lag: immediate