The Central Bank of Libya (CBL) issued its monthly report on revenues and expenditures of the state, saying that the Libya made over 86.4 billion dinars and spent more than 76.8 billion in the first three quarters of 2023.
The CBL’s report says the revenues have included 67.1 billion dinars from oil sales, 17.6 billion oil royalties, over a billion dinars from taxes, customs and telecommunications, and 605 million dinars from other items.
The expenditures went to public sectors’ salaries amounted to 38.8 billion dinars, 15.4 billion for subsidiaries, 6.04 billion steering funds, and three billion dinars for development.
As regards to the spending of the current executive and legislative bodies, the CBL’s report said the Government of National Unity spent over two billion dinars, the House of Representatives over 1.1 billion, the Presidential Council over 523 million and the High Council of State over 59 million dinars.
