The Central Bank of Libya revealed in a statement today, Monday, that it achieved a surplus during the first five months of 2022, amounting to 23.5 billion dinars. It indicated that the total revenues during this period amounted to 54.6 billion dinars, while the total expenditures did not exceed the amount of 31.1 billion dinars.
The Central Bank clarified in its statement that most of the revenues achieved during the five months of this year came from oil revenues, which amounted to 37.4 billion dinars, in addition to taxes on oil companies, which amounted to 4.7 billion dinars this year, and an additional amount of 11.4 billion dinars from previous taxes.
As for the sovereign revenues, they amounted to one billion and 52 million dinars: they were divided between tax revenues of 602 million dinars, 34 million dinars from customs revenues, 146 million dinars from communications revenues and 60 million dinars from the sale of fuel in the local market, in addition to other revenues of 210 million dinars.
As for expenditures, the Central Bank statement revealed that the bulk of spending during the first five months of this year was on salaries, which amounted to 16.4 billion dinars, while the total spending on the support section amounted to 8.6 billion dinars, and an amount of 2 billion was to cover operating expenses and 118 million for development, in addition to the 4 billion dinars for the exceptional budget for the National Oil Corporation.