2024-07-06 15:06:59
The Central Bank of Libya revealed in its monthly statement that revenues amounted to 45 billion dinars during the first half of 2024, compared to spending of 43.7 billion dinars.
The Central Bank statement said that the spending of the Council of Ministers in the Government of National Unity exceeded one billion dinars since the beginning of the year until the end of June, while the spending of the House of Representatives and its affiliated bodies amounted to 496 million dinars, and the spending of the Supreme Council of State amounted to 21 million dinars, while the spending of the Presidential Council and its affiliated bodies exceeded 230 million dinars.
The statement showed that the general spending on the exceptional financial arrangements of the National Oil Corporation amounted to 4.7 billion dinars, while the spending on the exceptional financial arrangements of the General Electricity Company amounted to 2.5 billion dinars.
In terms of foreign exchange, the Central Bank’s data showed that foreign exchange revenues amounted to $9.1 billion, while the value of its uses amounted to $18 billion, recording an estimated deficit of nearly $9 billion.
The statement explained that the revenues from the fee imposed on foreign currency sales so far amounted to 9.5 billion dinars.
The Central Bank pointed out that the fuel bill has been deducted from oil sales by the National Oil Corporation directly since November 2021, indicating that it is not included in the spending item mentioned in the statement.
The bank also indicated that the local market revenues from petroleum derivatives witnessed a sharp decline, indicating that they amounted to only 32 million dinars.
Source: Central Bank of Libya
2024-07-06 15:06:59