Libya: delays in oil sector salaries for May and June - News Summed Up

Libya: delays in oil sector salaries for May and June


The Tripoli-based Government of National Unity (GUN) has transferred May salaries for various sectors, including the oil sector, to the Central Bank of Libya. Furthermore, there were 4,4 billion Libyan dinars (approximately 836 million euros) in outstanding financial deals for the National Oil Corporation and 2,5 billion Libyan dinars (approximately 475 million euros) for the General Electricity Company. The taxes collected amounted to 121 million Libyan dinars (around 23 million euros). Customs revenue was 123 million Libyan dinars (around 23,4 million euros), communications revenue was 11 million Libyan dinars (around 2 million euros) and revenue from the sale of fuel in the local market totaled 32 million Libyan dinars (approximately 6,1 million euros). Other revenues, which include refunds, passport taxes, car tax, fines and other taxes, reached 639 million Libyan dinars (around 121,4 million euros).


Source: Libya Today June 11, 2024 09:10 UTC



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