Libya from January to July 2023: 62.8 billion in revenues, 47 billion in expenditures

Libya has made 62.8 billion dinars in revenues and spent 47 billion dinars in the first seven months of 2023, the Central Bank of Libya (CBL).

The CBL added in its monthly report that oil revenues from January to July 2023 amounted to 45.3 billion dinars, and oil royalties 6 billion. It said that foreign currency uses reached 23 million US dollars.

“Taxes’ revenues reached 361 million dinars, customs 159 million, telecommunications 210 million, local markets’ fuel 120 million, and a number of other revenues worth 229 million dinars.” The CBL said.

It added that the expenditures included 28 billion dinars for public salaries, steering budget 5 billion, subsidies 11 billion, and development 2.5 million, while no money was spent from the emergency budget.

According to the report, the Libyan Government of National Unity, its ministries and affiliates spent 1.6 billion dinars in the last seven months, the Presidential Council and its affiliated agencies spent 344 million dinars, the House of Representatives spent 849 million, and the High Council of State spent 24 million dinars.


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