How did the public sector become Egypt’s largest economic deception? Al-Jabu tells "Ain Libya" that two million employees are unproductive
Despite possessing significant oil resources and high revenues, the Libyan economy faces major challenges due to the lack of political and security stability, ongoing corruption, and poor management of public resources. Experts emphasize that economic reform requires political stability, anti-corruption measures, institutional development, and the transfer of employees to various productive sectors. Additionally, the rising demand for the dollar and weak resource management put pressure on the exchange rate of the dinar, leading to a decline in citizens' purchasing power and an intensification of the economic crisis, even though oil revenues are high. These revenues have not clearly translated into improved services or better living standards for citizens.
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