The Central Bank of Libya revealed in a statement today, Tuesday, that the total spending during the first three months of this year (January, February and March) amounted to 14.7 billion dinars, while state revenues during the same period did not exceed 3.4 billion dinars.

The Central Bank clarified in its statement that the biggest part of spending during the first three months of this year was on salaries, which amounted to 9.4 billion dinars, while the total expenditures on support amounted to 4.6 billion dinars, in addition to 676 million to cover operating expenses.

He added that the sovereign revenues came mostly from oil royalties, which amounted to 2.6 billion dinars, 502 million dinars from tax revenues, 25 million dinars in customs revenues, and 318 million dinars from other revenues.

In its statement, the Central Bank of Libya indicated that an amount of 11.4 billion dinars was received from the National Oil Corporation regarding royalties owed by oil companies for previous years, revealing that these values ​​were used to finance the expenses of the first quarter of 2022.