The Central Bank of Libya revealed in its statement issued on Tuesday regarding revenues and expenditures that the total government expenditure during the months of January and February of the year 2024 amounted to 10.9 billion dinars. Meanwhile, the state’s revenues during the same period reached 14.5 billion dinars, resulting in a surplus of 3.6 billion dinars.
The Central Bank further explained that the total state revenues for this year until the end of February amounted to 14.5 billion dinars, with 14 billion coming from oil revenues, representing approximately 96.5% of the total revenues. Additionally, other sovereign revenues amounted to a total of 366 million dinars, including 52 million from taxes, 65 million from customs, 30 million from the sale of fuel in the local market, and other revenues totaling 219 million dinars.
Regarding government expenditure during the same period, the Central Bank revealed that the total expenditure reached 10.9 billion dinars, with 10.3 billion allocated to salaries and 623 million dinars allocated to subsidies. No amount was allocated during this period for the remaining budget items.
