In its latest data for the whole of 2023 on revenues and spending released today, the Central Bank of Libya (CBL) revealed a continued increase in public spending – without a matching in earnings. Foreign exchange deficitWith a deficit of US$ 9.9 billion, the CBL confirmed in its latest monthly statement that the state’s revenues from foreign exchange in 2023 reached $25.4 billion, while its uses reached $35.3 billion. LD revenues cover spendingThe CBL announced that state revenues will reach 125.9 billion dinars, and spending will reach 125.7 billion dinars, during 2023. NOC spendingIt revealed that the National Oil Corporation’s (NOC) spending reached 17.5 billion dinars in 2023 from the Exceptional budget granted to it. The report indicated that the salaries item recorded a significant increase from 2022, in which the salaries amounted to 47.1 billion dinars, and from the 33.1 billion dinars for 2021.
