No Result
View All Result
Wednesday, February 1, 2023
14 °c
Tripoli
14 ° Thu
14 ° Fri
15 ° Sat
15 ° Sun
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Libyans await details of LD 68.5bn 2012 budget

byMichel Cousins
March 2, 2012
Reading Time: 1 min read
A A
12
SHARES
50
VIEWS
Share on FacebookShare on Twitter

by Sami Zaptia 

The Libya Herald has reported that during a meeting of Libya’s Transitional Government Cabinet on Tuesday, 29 February 1012, . . .[restrict]the budget for the year 2012 totaling some LD 68.5 billion (US$ 55 bn) was discussed and approved. It was then sent to the NTC for ratification.

An earlier announcement by NTC head Mustafa Abdul Jalil stated that Libya would have a budget deficit of LD 10 billion in 2012. He also said that Libya was struggling to meet its outstanding commitments in public wages, essential services and energy subsidies. Civil servants’ salaries he estimated at $ 22 billion and fuel and electricity subsidies he put at US$ 14 billion per year.

He also maintained that Libya had only received about $6 billion from its frozen assets abroad, and that oil production had only brought in US$ 4 billion in the last five months.

Contrasting figures have been released regarding Libya’s anticipated 2012 budget by the Central Bank Governor – LD 7 billion – and  Mustafa Abdul Jalil – LD 10 billion.

RELATED POSTS

NESDB signs agreement with Malaysia Consultative Council to benefit from its development experience

Sirte Oil Company starts using smart oilfield technology

In a related development, this week Libya’s National Oil Corporation (NOC) declared that oil production was up to 1.4 million barrels per day.

It is not clear if revenue earned from these oil exports is being paid directly into accounts that the current Libyan authorities have total control over, or whether these revenues are available in full to the NTC and interim government to spend.

Libyans await the release of the details of the 2012 budget, which were still not available as of Thursday 1st March.

 

  [/restrict]

Share5Tweet3Share1

Related Posts

UNHCR finds war criminals on all sides in the conflict
Libya

Libya must take decisive steps to address serious rights violations: UN Fact-Finding Mission on Libya

January 30, 2023
Prime minister Aldabaiba forms Ministerial committee to study reforming fuel subsidies, orders payment of family grant, increases pensions
Libya

PM Aldabaiba reviews GECOL’s summer plan to avoid power cuts

January 27, 2023
Benghazi University to hold open day on its Artificial Intelligence curriculum
Libya

Benghazi University to hold open day on its Artificial Intelligence curriculum

January 27, 2023
EU to help Libya better design and analyse policies and measure the impact of strategies
Libya

EU to help Libya better design and analyse policies and measure the impact of strategies

January 26, 2023
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba government holds meeting to discuss bartered fuel imports in transparent process

January 26, 2023
Czech Republic training Libyan doctors discussed as part of ‘‘Medovac’’ agreement
Libya

Czech Republic training Libyan doctors discussed as part of ‘‘Medovac’’ agreement

January 24, 2023
Next Post
Interview with Justice Minister Ali Humaida Ashour: Exclusive

Interview with Justice Minister Ali Humaida Ashour: Exclusive

Foot-and-Mouth spread to Benghazi

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • Medsky Airways adds a second Airbus 320 to its fleet

    Medsky to start flights from Tripoli to Malta

    126 shares
    Share 52 Tweet 31
  • New Eni gas deal with Libya rejected by current Oil Minister and Bashagha

    100 shares
    Share 40 Tweet 25
  • Aldabaiba praises activation of seven domestic airports and start of work on Tripoli International Airport’s terminal

    76 shares
    Share 30 Tweet 19
  • Libyan Iron and Steel (LISCO) exports to 38 countries – 136,000 tons to be exported in coming months

    73 shares
    Share 35 Tweet 16
  • LBBC announces a wide range of business activities for 2023 – including a visit to Benghazi

    60 shares
    Share 24 Tweet 15
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

NESDB signs agreement with Malaysia Consultative Council to benefit from its development experience

Sirte Oil Company starts using smart oilfield technology

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?