Central Bank: Total government spending during the year 2023 amounted to 125.7 billion dinars

The Central Bank of Libya revealed in its statement issued today, Sunday, regarding revenues and spending, that total government spending during the year 2023 amounted to 125.7 billion dinars, while the value of state revenues during the same year reached 125.9 billion dinars, meaning there is a surplus of 200 million dinars.

The Central Bank explained that the state’s total revenues during the year 2023 amounted to 125.9 billion dinars, including 121.7 billion from oil revenues, which represent approximately 97% of revenues, in addition to other sovereign revenues with a total of 4.2 billion dinars, including 2.4 billion from taxes, 333 million from customs, and 506 million from the sector. Communications, 180 million from the sale of fuel in the local market, and other revenues worth 792 million dinars.

As for government spending during the year 2023, the Central Bank revealed that total spending reached 125.7 billion dinars, of which 60 billion dinars were allocated to salaries, 20 billion to support, 9 billion to administrative expenses, and 12 billion dinars to development, in addition to an exceptional budget. For the National Oil Corporation, with a value of 17.5 billion dinars, and for the General Electricity Company, with a value of 7.2 billion dinars.

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