Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, affirmed during the first Cabinet meeting for the year 2024 today, Tuesday, that his government will confront conspiracies and challenges until the Libyan Dinar becomes strong and prices become affordable for everyone. He explained the revenues achieved by the government from hard currency over the past three years, totaling $75.2 billion, and that the Central Bank will inject into commercial banks amounts totaling $55.8 billion, representing 74% of the total, adding that the government is not responsible for these amounts.
Dbeibeh clarified that the distribution and utilization of government sectors from the allocated revenues amounting to $15 billion, representing 19.9% of the utilization of hard currency, with $7.8% allocated to the oil sector. He emphasized that it is the right of the Audit Bureau and supervisory bodies to hold the National Oil Corporation accountable and inquire about the exceptional budget allocated to the oil sector in order to reach a daily production of 2 million barrels of oil.
Dbeibeh added that accumulated state debts for treatment abroad have been paid off to the value of $330 million, stressing the Ministry of Planning to disclose the plan it has developed for educational facilities and schools, which has spent $2.3 billion across the country.