During the last period, the Presidency Council of the Government of National Accord adopted 2020 general budget, which reached 38.5 billion LYD.
“Sada” economic newspaper got a copy of the budget allocations and how they are distributed among several sectors.
The 2020 budget allocated to the The General Electricity Company of Libya reached 600 million LYD, while 700 million LYD were allocated to the sector projects.
Moreover, 500 million LYD were devoted to the National Oil Corporation. Another 300 million LYD were dedicated to higher education as well as missions.
As far as subsidy expenditure’s section is concerned, 850 million LYD were allocated to subsidize pharmaceuticals, and 720 million LYD were allocated to subsidize electricity and public lighting.
In addition to 400 million LYD were devoted to public sanitary subsidy, and 250 million LYD as subsidies on water and sanitation services, while 3.4 million LYD were devoted to fuel subsidy.
