1971Event
Oil revenue begins to dominate fiscal federalism
Postwar oil production and prices increased federal revenue and reduced the old regional agricultural revenue base.
Hall of FameMilitary I
1971
Oil revenue begins to dominate fiscal federalism
Postwar oil production and prices increased federal revenue and reduced the old regional agricultural revenue base.
1000reasons.voteEditorial timeline entry
What happened
Postwar oil production and prices increased federal revenue and reduced the old regional agricultural revenue base. Fiscal centralization became easier under military rule.
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