The Central Bank of Libya (CBL) said that the National Oil Corporation (NOC) conceals accumulated sovereign revenues for past years and the amount of oil and gas exported must be matched with public treasury
Data released by the Central Bank of Libya on Tuesday showed that the total oil and sovereign revenues amounted to 4.239 billion dinars during the 11 months of this year, while 24.48 billion dinars were allocated to pay the deficit of financial arrangements.
According to the CBL data, oil revenues amounted to 2.4 billion dinars, tax revenues listed at 609 million dinars, customs 115 million dinars, communications 122 million dinars, and the sales of fuel in the local market 200 million dinars, while the CBL’s profits amounted to 250 million dinars, within the same period. revenues.
The CBL report revealed that 80% of the state’s public expenditures from the period January 1 to November 30 of 2020 went to the salaries and subsidy for goods and services.
It also revealed the allocation of 151 million dinars to the medical supply apparatus, 44 million dinars to Libyan embassies and consulates abroad, and 22 million dinars to the Ministry of Education.
