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Central Bank of Libya Discloses Total Spending of Libyan State’s Public Authorities

The Central Bank of Libya
Central Bank of Libya

The Central Bank of Libya has released its monthly statement on the spending of public authorities in the country. From the start of the year, total spending amounted to 76 billion dinars, while total revenues reached 86.4 billion dinars.

According to the report, the National Unity Government and its affiliated agencies spent over 2 billion dinars, while the Presidential Council and its affiliated agencies spent over 523 million dinars this year. The Supreme Council of State’s spending amounted to 59 million dinars, and the House of Representatives and its affiliated bodies spent 1 billion dinars.

The Central Bank’s statement also revealed that foreign exchange revenues supplied to the bank totaled $17.7 billion. However, as of September, outstanding obligations and uses of foreign exchange amounted to $27.6 billion, of which commercial banks accounted for $15.975 billion.

The report concludes by stating that the Ministry of Finance of the National Unity Government spent 18 million dinars in the first nine months of this year.

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