By Libya Herald reporters.
Tripoli, 27 November 2015
A GNC committee is proposing to more than double state salaries, even as the Audit . . .[restrict]Bureau is warning that Libya is now spending more than twice its national income purely on salaries and subsidies.
The GNC draft salary law suggests that the current LD 450 minimum wage be lifted to LD 1,093. This improvement, the committee explained, would benefit 95 percent of government employees and would narrow the disparity between the lowest and the highest paid.
However, today the Audit Bureau said that LD 33 billion would this year be spent on the government wage bill and subsidies, while the income would be only LD15 billion. It warned that at the present rate of expenditure, Libya would burn up its reserves in just two or three years.