The Libyan government headed by Fathi Bashagha referred the proposed draft budget for the year of 2022 to the House of Representatives for discussion and approval, with a total of more than 94.8 billion dinars, expecting to achieve revenues of about 142 billion dinars, and consequently a budget surplus of more than 47 billion dinars.
According to the proposed budget, of which our source obtained a copy, the four chapters, in which the value of 94 billion and 830 million dinars will be spent, were divided into the salaries section with more than 41.7 billion dinars, the running expenses section with a value of about 8.7 billion, the development section with a value of 17.7 billion dinars, and the support section by more from 26.6 billion.
According to this budget, the expected revenues for the year 2022 amount to approximately 142 billion dinars, as the expected net oil revenues amounted to 137.7 billion dinars, in addition to the amount of 4.2 billion sovereign revenues from taxes, customs, communications and other revenues.
The Libyan government indicated that despite the budget reaching 94.8 billion dinars, and if approved, it would be the largest budget in the history of Libya, but it expected to achieve a budget surplus exceeding 47 billion dinars.