The total public revenues of Libya from January 1 to August 31, 2024, amounted to 66.72 billion dinars, according to the Central Bank of Libya.
The bank’s financial data released on Friday showed that the revenues were distributed as follows: 56.3 billion dinars from oil sales, 8.9 billion from oil royalties, and 471.3 million from customs.
Revenues from communications reached 125.5 million dinars, and fuel sales in the domestic market amounted to 31.6 million dinars.
Other revenues stood at 771.1 million dinars, which represent funds collected from financial monitoring services in Libyan cities for general services, including “refunds, passport fees, vehicle registration, fines, and other charges.”
The total public expenditure in Libya for the same period reached 59.5 billion dinars. The first section, dedicated to salaries, accounted for 39.9 billion dinars. Other expenses were distributed as follows: 5.3 billion dinars for operational expenses (section two), 4.7 billion dinars for development (section three), and 9.6 billion dinars for subsidies (section four), according to a statement from the Central Bank.
Financial allocations for the National Oil Corporation amounted to 5.41 billion dinars, and for the General Electricity Company, 4.87 billion dinars.
The bank noted that the financial arrangements for the National Oil Corporation are a continuation of the exceptional budget approved in 2023, as are the arrangements for the electricity company.
The bank did not mention any allocations for the emergency fund.
