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Libyan Economists give facts about the PC’s latest decisions

The recent decisions taken by the Libyan Presidential Council (PC) to disburse the spouse and children allowance, to implement the PC’s resolution No. 567 on youth employment and training program, and to allocate an emergency budget for municipalities have elicited various reactions.

Muhammad Youssef: “Where are the facilities that would absorb the unemployed youth?”… “The family allowance is ineffective.”

In a statement to Tabadul, the economist Muhammad Youssef considered that the governance is not about issuing decisions, but rather a reconstraction of a solid implementation base.

“Despite the eligibility of the family allowance, the procedure is not effective… the effective measures that should be taken are; providing liquidity, controlling the market, suspending the speculation and creating real job opportunities for young people who are still unemployed or swept away to carry weapons in the hubs.”

Youssef also expressed surprise at  the family allowance decision because few weeks ago a discount of 20 per cent has been applied to the salaries.

As far as the action plans on youth employmen is concerned, the economist wonderd about the working facilities that would absorb the unemployed youth.

He also pointed out that the effective solution is to restore rights through creating effective job opportunities at the municipal level, whether in trade, industry or services.

Ali El Solh: “Libya needs 1 billion dinars every year to spend on development projects so that unemployment will decrease by 11% per year.

The expert and economic reporter Ali Mansour Atiah called for adopting a model of developmental expenditures in the fight against unemployment in Libya, while supporting his point of view by the data released by the Central Bank of Libya, the World Bank and the and United Nations, which confirmed that unemployment rates did not decrease, but rather stabilized between 17-19% , despite the increase in the value of salaries in Libya that reach about 30 billion Libyan dinars in both governments.

“Libya needs one billion dinars every year to spend on development projects so that unemployment decreases by 11% annually.” He said, adding that the financial policy is one of the most important economic policies through which we acn fight unemployment and poverty, and achieve the economic stability.

Fakher Boufarna:” The decision to employ the youth must be spread fairly in all the cities.

In a statement to Tabadul, the economist Fakher Boufarna called to disseminate the Presidential Council’s resolution -that aims to employ a number of Libyan youth- among all the Libyan cities that suffer from unemployment, from east to west and south, hoping to establish justice and fair distribution of job opportunities.

Boufrana also clarified that the spouse and children allowance is an act and not a decision, established by Law No. 27 of 2013  as of January 2020.

” By activating the aforementioned law, the PC wanted to relieve pressure caused by the recent demonstrations as a result of the deteriorating living conditions, and to allevie tensions among the Libyan people.” He said.

Abu Bakker Abu Al Kacem : “PC’s Decisions Are Arbitrary”

In a statement to Tabadul, the Libyan economist Abu Bakker Abu Al Kacem considered the latest decisions issued by the Libyan Presidential Council (PC) including the allocation of an emergency budget for a number of municipalities as arbitrary decisions, adding that the PC did not coordinate with the Ministry of Finance and did not refer to the Central Bank of Libya.

“It is not only a confused decison, but also a passive one… It is a fire-fighting policy.” He said.


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