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In cooperation with the Ministry of Economy, the Ministry of Finance recommends fuel subsidies’ removal

In a press conference held today in Tripoli, the Finance Minister Faraj Boumtari said that appointments made between 2013, 2014 and 2015 exceed 250 thousand, stressing that the government should play its role in solving employment issues.

Boumtari also stressed that the Ministry of Finance is unable to increase the money transferred from the Central Bank of Libya, adding that the current problem is related to the monetary policy along with the Central Bank’s opposition to inflation.

The minister stressed that his ministry paid the salaries and was waiting for a response from the Central Bank of Libya, that blocked financial arrangements and had not paid January and February salaries yet.

The Minister of Finance announced that they had prepared some proposals in cooperation with the Ministry of Economy, including the removal of fuel subsidies and the reduction of corruption and smuggling.

There are several alternatives for partial or monetary removal of subsidies that guarantee that the citizen will not be harmed and that the smuggling will be stopped, Boumtari added.

He also stressed that the Central Bank was supposed to activate the electronic payments system.

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Karim to our source: “Public works for water and sanitation continues to pump rainwater in areas that do not have the infrastructure”

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