Central Bank of Libya (CBL) announced that public revenues amounted to 134.4 billion dinars (about $28 billion) during the past year, while public spending amounted to 127.9 billion dinars (about $26.8 billion). In his monthly statement of public revenue and expenditure, which covers the period from January 1 to December 31, 2022, revenues were distributed at 105.5 billion dinars from oil sales, 13.6 billion from oil royalties, 11.4 billion from oil royalties for previous years, and 1.4 billion dinars from taxes.

Source: Libya Today January 04, 2023 11:47 UTC