Undersecretary of the Ministry of Economy in Libya Suhail Abu Shiha confirmed that the volume of oil revenues of the Libyan economy in the first quarter amounted to $ 6 billion.
Abu Shiha pointed out that "the general budget surplus in Libya during the first quarter reached ten billion dinars, representing 8.5% of the size of the economy, with expectations that the Libyan budget will record a surplus in the coming period." He pointed out that "during 2022 and 2023, more than 30% of the general budget was directed to the development of the electricity sector, the development of oil fields and support for oil production, and this year's surpluses will be used in the same way."
Source (CNBC Arabia Website, Edited)
