Libyan state expenditure was LD 127.9 billion in 2022, up LD 42 billion on 2021: latest CBL stats

Libyan state expenditure in 2022 amounted to LD 127.9 billion, an increase of LD 42 billion on 2021, in which the total expenditure had amounted to LD 85.5 billion, according to statistics published by the Tripoli Central Bank of Libya (CBL) today.

The first chapter (salaries) of the unofficial budget saw a jump in expenditure on salaries to LD 47 billion dinars for 2022, compared to LD 33 billion the previous year. An increase of state-sector salaries accounts for most of this.

Oil revenues achieved a slight improvement to LD 105.5 billion compared to LD 103.4 billion last year. This s partly to increased world crude oil prices, increased and stable oil production in Libya and the lack of political or industrial strikes or wars.