Tripoli: The Central Bank of Libya announced on Thursday that the state's general revenues reached 81.877 billion dinars from January 1 to the end of October 2024, while the total spending amounted to 77.325 billion dinars. According to Libyan News Agency, the bank's statement detailed that the total revenues from oil sales were 67.8 billion dinars, supplemented by oil royalties amounting to 11.6 billion dinars. Additional revenues included 1.3 billion dinars from taxes, 131 million from customs, 125 million from communications, 62 million from fuel sales, and 859 million from monitoring financial services in cities for public services. The statement further outlined the expenditure, highlighting that 48.6 billion dinars were allocated for salaries under the first chapter. The second chapter, dedicated to operating expenses, accounted for 6.6 billion dinars, while the third chapter, aimed at development, saw spending of 325 million dinars. Support expenditures under the fourth chapter totaled 12 billion din ars. Moreover, the bank disclosed that spending on the financial arrangements of the National Oil Corporation amounted to 6.7 billion dinars, which encompassed 2.9 billion dinars for the first chapter, 1.8 billion for the second, and 1.9 billion for the third chapter. Additionally, the financial arrangements for the General Electricity Company required 3.1 billion dinars to support the company's expenses under the third chapter, completing the exceptional budget approved during 2023.
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