The Central Bank of Libya released its monthly statement on public revenue and expenditure, covering the period from January 1, 2023, to May 31, 2023.
According to the bank’s data, total revenue during the past 5 months reached 47.7 billion dinars, while total expenditure amounted to 32.1 billion dinars.
The revenue sources include 33.4 billion dinars from oil sales, 3 billion dinars from oil royalties, 10.34 billion dinars from previous oil royalties, and 296 million dinars from taxes.
Customs revenue amounted to 66 million dinars, telecommunications revenue reached 176 million dinars, domestic fuel sales generated 90 million dinars, and other revenues amounted to 327 million dinars.
As for expenditure, salaries (Chapter One) accounted for 22.7 billion dinars, administrative expenses (Chapter Two) recorded 2.8 billion dinars, development (Chapter Three) received 2.2 billion dinars, and support (Chapter Four) amounted to 4.4 billion dinars. No amounts were spent under Chapter Five (Emergencies).
The Central Bank of Libya’s statement also indicated that the expenditure of the House of Representatives and its affiliated bodies during the first 5 months of this year reached 688 million dinars, the State Council spent 15 million dinars, and the Presidential Council spent 262 million dinars.
The expenditure of the Martyrs’ Families Care Agency amounted to 203.7 million dinars, the General Authority of Endowments spent 91.5 million dinars, the General Authority of Telecommunications spent 14.3 million dinars, and the General Electricity Company spent 1.5 billion Libyan dinars.
The total expenditure of the Council of Ministers of the Unity Government and its affiliated bodies, as well as the government ministries and their affiliated entities, reached 29.3 billion Libyan dinars.
Despite the substantial amounts spent by the Unity Government under the leadership of Abdul Hamid Dbeibah during the past 5 months, Libyan citizens continue to suffer from a shortage of public services, especially in the form of electricity outages, healthcare services, medicine shortages, liquidity scarcity, and fuel shortages.
Observers believe that Dbeibah does not care about the suffering of the Libyan people and uses state funds to buy loyalties and finance militias in western Libya in order to secure their allegiance and provide him with the necessary protection to stay in power for as long as possible.
