In a report issued in their official website, the Central Bank of Libya estimated expenditures of the financial arrangements of all sectors across the country for the period 1 january 2019 to 31 December 2019.
2019 state revenues were up on budget estimates, the Tripoli Central Bank of Libya revealed in its latest statistical bulletin. The state also enjoyed a surplus as spending was also down on estimates.
The CBL also reported that inflation was in the negative at minus 2.2 and estimated Real GDP for 2019 will be 49.7 billion LYD, up from 47.1 billion LYD in 2018 ,and 34.9 billion LYD in 2017.
Oil revenues for the period were up by 4.995 billion LYD, from an estimated 26.4 billion LYD to 31.395 billion LYD .
However, revenues from taxes, customs duties, state telecoms entities and other state duties were all down on budget estimates.
Total revenues, excluding the currency surcharge, were up by 2.919 billion LYD from an estimated 31.0 to 33.919 billion LYD .
