Tripoli: The Central Bank of Libya announced today that from January to October, total public revenues reached 103.4039 billion dinars, while total public spending amounted to 95.1 billion dinars.
According to Libyan News Agency, the Central Bank’s monthly report revealed that oil sales contributed 86.6 billion dinars to the revenue, with oil royalty revenues adding another 14.9 billion dinars. Tax revenues were recorded at 1.034 billion dinars, customs revenues at 146.5 million dinars, communications revenues at 57 million dinars, and an additional 666.4 million dinars from other sources.
The report further detailed that public spending during this period was 95.1 billion dinars. Of this, 55.2 billion dinars were allocated to salaries under Chapter One expenses. Administrative expenses under Chapter Two accounted for 4.2 billion dinars, development expenses under Chapter Three were 3.7 billion dinars, and support-related expenses under Chapter Four totaled 32.0 billion dinars.
The Central Bank of Libya reiterated its commitment to transparency and disclosure, aiming to engage state institutions and citizens in understanding the economic and financial conditions of the country.