A meeting was held yesterday, in the office of the Governor of the Central Bank of Libya (CBL), to follow up on government spending for the year 2024. Analysis and commentIn reality, this ‘‘spending high summit’’ is about who decides how much the Tripoli government spends. It is an ongoing tug-of-war between the Aldabaiba government and the CBL Governor. The CBL Governor wants Aldabaiba to enforce subsidy reforms, increase oil production, increase other tax revenues, and rationalise spending. El-Kaber, Aldabaiba and Menfi have it all to lose.

Source: Libya Today January 27, 2024 07:11 UTC