Libya’s total state revenues reached 49.4 billion dinars between January and May 2025, according to official data released by the Central Bank of Libya (CBL) on Thursday. The figures also show total expenditures at 43.5 billion dinars, resulting in a surplus of approximately 5.9 billion dinars.
Oil sales accounted for the largest share of revenues, generating 40.8 billion dinars. Oil royalties added a further 8 billion dinars to state income. In contrast, non-oil revenues remained marginal, with tax revenues amounting to only 41.6 million dinars, customs at 79.9 million dinars, and telecommunications at 45.7 million dinars. Other revenues were listed at 466 million dinars.
On the expenditure side, public sector wages continued to dominate government spending, amounting to 30.5 billion dinars during the five-month period. Subsidies followed with a total of 11.4 billion dinars, while operational (administrative) expenses stood at 1.6 billion dinars.
The Central Bank’s report highlights Libya’s continued dependence on oil as the main source of income, with non-oil sectors contributing only a minor share of state revenue.
The surplus reported comes despite the country’s ongoing political fragmentation and the absence of a unified budget, which continues to impact fiscal transparency and planning.
Observers note that while high oil revenues have provided short-term financial stability, long-term economic resilience requires investment in non-oil sectors and structural reforms to reduce reliance on hydrocarbon exports.
