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By Libya Herald reporter:
Tunis, 2 May 2015:
Libyans are not getting value for money from their government, the Audit Bureau has concluded in . . .[restrict]its 2014 report out on Thursday.
The Audit Bureau, Libya’s leading oversight organ charged with monitoring state bodies and institutions and public funds, said that in view of the huge amount spent in the years 2012-14, it did not see an adequate return for Libyan citizens on their public funds expended.
It said that the budgets for the three years totaled over LD 158 bn was not reflected in the level of services the public received.
| Libyan budgets | 2012-2014 |
| 49.1 bn | 2012 |
| 65.3 bn | 2013 |
| 43.7 bn | 2014 |
| Total: LD 158.1 bn |
Source: Audit Bureau report 2014
The report pointed out that state-sector salaries had ballooned but without any ‘’added value’’ in return for such an increased outlay.
Similarly, it had noted that the running or operational costs of Ministries and state institutions had also grown markedly without any notable increase in the development in the formation of state institutions or any modernization of or in management or administration.
The Audit Bureau also said that despite large budgets being allocated for ‘’development’’, it noted no major construction activity.
On subsidies, it reported that huge amounts were allocated to this section of the budgets, but it concluded that subsidies were not reaching or benefitting the poor sectors of Libyan society. [/restrict]
