Tripoli: The Central Bank of Libya announced today that the state’s total revenues from January to November reached 115.3888 billion dinars, while public spending during the same period was 107.5 billion dinars.
According to Libyan News Agency, the bank’s monthly statement on public revenue and expenditure indicated that oil sales were a significant contributor, generating 93.3 billion dinars. Additionally, oil royalties added 16.0 billion dinars, tax revenues accounted for 1.0 billion dinars, customs revenues were 146.6 million dinars, and telecommunications revenues reached 192.2 million dinars. The Central Bank of Libya also reported profits of 450 million dinars, with other revenues totaling 4.3 billion dinars.
The statement further detailed that other revenues include fees imposed on foreign currency and income from financial services departments across Libyan cities for public services. These services encompass refunds, passport fees, vehicle registration fees, fines, and other similar charges.
The bank highlighted that total public spending amounted to 107.5 billion dinars. Expenditures under Chapter One, which covers salaries, were 61.2 billion dinars. Chapter Two, allocated for operating expenses, accounted for 5.8 billion dinars, while Chapter Three, dedicated to development, reached 7.2 billion dinars. Chapter Four, which includes subsidies, totaled 33.3 billion dinars.
The Central Bank clarified that the expenditure figures exclude November salaries, and noted that the operating expenses under Chapter Two encompass salaries for specific entities and bodies. It further explained that Chapter Four subsidies include salaries for certain companies and public entities, as well as spousal and child allowances and fuel subsidies.