Libya’s foreign exchange revenues amounted to US$ 22.9 bn, spending amounted to US$ 24.5 bn: CBLBy Sami Zaptia. State-sector salaries last year amounted to LD 33.1 billion (39 percent of total outgoings) and state subsidies amounted to LD 20.8 billion (24 percent). These included LD 3 billion for medicines, LD 2 billion for the marriage allowance, and LD 4.4 billion for the children’s allowance. The CBL commented that in previous years development spending did not pass the 4 percent mark. Aldabaiba increases spending on development projectsThis confirms the amount of development spending by the Aldabaiba government in the form of roads, hospitals, schools, and some housing projects.

Source: Libya Herald January 06, 2022 23:49 UTC