The revenue was primarily driven by the oil sector, with oil sales accounting for 51 billion dinars and oil royalties contributing 8.8 billion dinars. Tax revenues were 395 million dinars, customs revenues were 129 million dinars, and the communications sector generated 73 million dinars. On the expenditure side, the breakdown was as follows: Salaries: 36.5 billion dinars, operating expenses: four billion dinars, development expenses 160 million dinars, subsidies 9.4 billion dinars, and emergency expenses zero. Additionally, the National Oil Corporation received five billion dinars, and the General Electricity Company was allocated 2.5 billion dinars. Foreign currency inflows to the central bank were reported at $12.4 billion, with total foreign currency expenditures reaching $21.5 billion.


Source:   Libya Observer
August 05, 2024 16:02 UTC