The 2014 Budget calls for reduction of imports of “non-essential ” goods
By Sami Zaptia.
Tripoli, 6 July 2014:
Article 25 of the 2014 budget (Law no. (13) 2014) calls upon the Ministry of Economy, in coordination with other relevant departments, to work on limiting the import of non-essential goods into Libya.
The philosophy and catalyst for this attempt to limit non-essential and luxury imports can only be assumed to be the inflationary effect of the last two budgets as a result of the bloated salaries and subsidies sections as well as Libya's growing deficit and depleting foreign currency reserves.
Both Libya's disastrous . . .