The Central Bank of Libya revealed in its statement issued today, Thursday, regarding revenues and spending, that total government spending during the first half of this year amounted to 45 billion dinars, while the value of state revenues during the same period reached 49.5 billion dinars, i.e. there is a surplus of 4.5 billion dinars.

The Central Bank stated that the total state revenues during the first half of this year amounted to 49.5 billion dinars, of which 48.4 billion came from oil revenues, which represents nearly 98% of the revenues, in addition to other sovereign revenues with a total of 1.1 billion dinars, of which 327 million came from taxes, 96 million from customs and 202 million. From the telecommunications sector, 120 million dinars from the sale of fuel in the local market, and other revenues worth 343 million dinars.

As for government spending during the same period, the Central Bank revealed that total spending amounted to 45 billion dinars, of which 27.8 billion dinars were allocated for salaries, 10.4 billion for subsidies, 4.6 billion for operating expenses, and 2.2 billion dinars for development.