Ministry of Finance Reveals Expenditure Allocations for Subsidies in 2023
The Ministry of Finance in the Government of National Unity has disclosed the areas of expenditure for subsidies during the year 2023, totaling approximately 20...
Subsidies
Al-Meshri: “Fuel smuggling is carried out by persons and advisors affiliated with Dbeibeh, and the subsidy must be replaced with cash support to combat smuggling”
The head of the High Council of State, Khaled Al-Meshri, stressed in a statement on Friday that combating fuel smuggling can only be done by...
The Finance Report of the National Unity Government clarifies details about subsidies that amounted to more than 12 billion
The Ministry of Finance of the National Unity Government revealed from January 1st, 2022 to June 30, 2022 that the total value of the support...
High Council of State, Ministry of Finance discuss unifying salary scales
The Chairman of the High Council of State (HCS), Khalid Al-Mishri, accompanied by the first deputy head of the HCS, Mohammed Baki, held a meeting on Wednesday with the...
Libya considering alternatives to fuel subsidies
Mohammed Al-Huweij, Minister of Economy and Trade, and head of the ministerial committee handling proposals for lifting fuel subsidies in Libya discussed during a meeting...
Husni Bey says dollar exchange rate may reach less than LYD 3
The Libyan businessman, Husni Bey, said on Thursday that the dollar exchange rate fell below 4.97 dinars in the parallel market, adding that it will...
Libyan official: ”the incomes policy needs to be reconsidered”
Idris Al-Sharif, Assistant Undersecretary at the GNA’s Ministry of Finance, confirmed, during a televised interview for Libyan WTV channel and Tabadul Platform that the incomes policy needs to...
GNA agrees on subsidies cuts and other accompanying measures
The Government of National Accord (GNA) agreed today, to cut subsidies on fuel, but at the same time to activate other benefits, such as the...
2020 general budget: more than 7 billion dinars devoted to GECOL, NOC, and other sectors
During the last period, the Presidency Council of the Government of National Accord adopted 2020 general budget, which reached 38.5 billion LYD. “Sada” economic newspaper...
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,...