Central Bank of Libya publishes spending and revenue stats of 947 official bodies
The Central Bank of Libya (CBL) published its annual statement of public revenues and expenditures, which covers the period from 01/01/ to 31/12 2022.
The CBL published revenue and spending statistics for all sectors and their affiliates, which number 947, indicating that total expenditures amounted to 127.9 billion dinars in 2022, while total revenues amounted to 134.4 billion dinars.
According to the CBL, oil revenues reached 105 billion dinars, taxes 1.4 billion dinars and customs 211 million, while spending on salaries reached 47.1 billion dinars, development 17.5 billion, and subsidies 20 billion dinars.
According to the statement, the House of Representatives' (HoR) expenditures exceeded one billion dinars, while the expenditures of the Council of Ministers of the Government of National Unity neared two billion dinars, the High Council of State about half a billion, and the Presidential Council more than 775 million dinars.
Regarding foreign currency exchange revenues, the CBL indicated that they amounted to 27.3 billion dollars, of which 2.5 billion were oil royalties for previous years, while the total foreign currency exchange usages in the past year amounted to 28.5 billion dollars.
The CBL also confirmed the continued decline in customs revenues, which does not go in line with the value of the granted letters of credit that that are estimated at 211 million dinars.