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Libya Records 14.4 Billion Dinars in Revenue as Oil Dominates Early 2026 Finances

March 10, 2026
Libya Records 14.4 Billion Dinars in Revenue as Oil Dominates Early 2026 Finances
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The Central Bank of Libya (CBL) has announced that Libya’s total public revenues reached approximately 14.43 billion Libyan dinars during the first two months of 2026, according to its latest monthly financial statement.

The report covers the period from 1 January to 28 February and provides an overview of the country’s public income and expenditure. It highlights the continued dominance of oil income in Libya’s overall revenue structure.

According to the statement, oil sales generated around 10.7 billion dinars during the reporting period. In addition, oil royalties contributed approximately 3.2 billion dinars, reinforcing the sector’s central role in funding the state budget.

Other sources of public income remained comparatively modest. Tax revenues reached about 105.5 million dinars, while customs revenues totalled around 41.9 million dinars. Telecommunications revenues stood at 11.1 million dinars, and other miscellaneous revenues amounted to roughly 372.3 million dinars.

These additional revenues include fees collected by financial service monitoring offices across Libyan cities. Such income typically comes from public services, including passport fees, vehicle registration, fines, refunds and other administrative charges.

The Central Bank also reported that total public expenditure during the same period reached approximately 6.55 billion dinars.

Spending under the first chapter of the budget, which covers salaries, accounted for the largest share at about 5.8 billion dinars. However, the figure does not include February salaries that were received after the end of the reporting period.

Operational expenditures under the second chapter of the budget reached about 33.3 million dinars. Meanwhile, spending under the fourth chapter, which includes subsidies, totalled around 715 million dinars. This category covers fuel subsidies, support for certain public companies and institutions, and family allowances for spouses and children.

The Central Bank noted that no spending was recorded for development projects or emergency expenditures during the period.

The bank said it remains committed to enhancing transparency and disclosure to help state institutions and citizens better understand Libya’s financial and economic situation.

Tags: cbleconomylibyaPublic Revenues
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