The Research and Statistics Department at the Central Bank of Libya revealed to our source the economic bulletin for the fourth quarter of 2023, stating that the local liquidity increased by 31.1 billion dinars, from 110.3 billion dinars at the end of 2022 to about 141.4 billion dinars. One of the reasons for the increase is the rise in demand deposits by 19.0 billion dinars, from 75.9 billion dinars at the end of 2022 to 94.8 billion.

The department explained in its bulletin that the amount of granted financing reached about 5.5 billion dinars during 2023, with most of these financings representing various Islamic financing formats for individuals.

The economic bulletin issued by the Research Department also indicated that private sector deposits at banks at the end of 2023 amounted to 71.9 billion dinars, constituting 57.1% of total deposits, while the remaining percentage, 42.9%, amounted to 54.1 billion dinars, including 42.4 billion dinars in deposits for public sector companies and institutions and about 11.7 billion dinars.

The bulletin also clarified that the revenues and expenditures of the public finances during the fourth quarter of 2023 amounted to about 125.9 billion dinars, while expenditures amounted to about 125.7 billion dinars divided into budget chapters, including salaries, operational expenses, development, support, in addition to financial arrangements for the National Oil Corporation and the General Electricity Company.