Central Bank of Libya data showed that salaries accounted for 82 percent of total public spending during the first four months of 2024. The total state expenditure is 26 billion dinars (USD 4.84 dinars).
Foreign exchange earnings in the first four months of this year amounted to $6.4 billion, including $944 million in oil royalties. Total outstanding uses and liabilities in foreign exchange amounted to $13.8 billion.
The World Bank predicted that the Libyan economy will grow by between 4.8 and 5.8 percent in 2024, assuming political stability and the continuation of oil production in general, where the oil and gas sector accounted for 60 percent of GDP.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
