2014 Budget commits government to subsidy reform by Jan 2015

By Sami Zaptia.

Tripoli, 5 July 2014:

For the first time in Libya's history, the national budget commits the government to reforming its subsidy system.

Article No 24, the 2014 budget commits the government to substitute the current "goods and fuel subsidies into cash subsidies" and sets a deadline for this as 1 January 2015.

The budget says that this reform should be within "clear aims that provide social and economic stability" and resource use and national security.

The budget clarifies that subsidies are to . . .

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