Central Bank: Total revenues in 2023 reached 125.9 billion dinars, and spending 125.7

The Central Bank of Libya announced that the state’s total revenues during the year 2023 amounted to 125.911 billion dinars, expenditures amounted to 125.7 billion dinars, and revenues from oil sales amounted to 99.1 billion dinars.

The Central Bank said in its annual statement for the year 2023 that salaries amounted to 60 billion dinars, development amounted to 12 billion, support amounted to 20 billion, and administrative expenses amounted to 9 billion, while the use of foreign exchange in 2023 amounted to 21 billion dollars, an increase of 5 billion over the year 2022.

The Central Bank added that the oil revenues supplied to it amounted to 25.4 billion dollars, while the total uses and obligations amounted to 35.3 billion dollars.

The bank revealed in its statement that the expenses of the House of Representatives and its affiliated bodies during the year 2023 were 1.6 billion dinars, the Supreme Council of State was 80 million dinars, the Presidential Council and its affiliated bodies were 770 million dinars, and the Council of Ministers of the Dabaiba government and its affiliated bodies were 3 billion dinars.

The Central Bank of Libya continued that, according to the estimates of the Audit Bureau for the year 2022, the fuel subsidy item amounted to 83 billion dinars, equivalent to 17.2 billion dollars, 50% of which was directed to supplying fuel through exchange outside the budget sections, while there is a decline in customs revenues supplied to the Central Bank relative to Banks’ uses of foreign exchange amounted to only 0.3%.

The Central Bank concluded that the total salaries reached 65 billion dinars, including 4 billion salaries for the National Oil Corporation, and 1 billion salaries for other parties in 2023, and that the salaries of workers abroad rose during the year 2023 to reach 339 million dollars, compared to 247 million dollars in 2022, and 155 million dollars. Dollar in 2021.