Al-Jibani: Libyans face widespread economic crisis

The U.S. national debt has surpassed the $40 trillion mark, reflecting the large government spending over recent years, especially during the Corona pandemic when extensive support packages were used for individuals and sectors, despite trends toward reducing government intervention. In contrast, Libyan citizens face an economic crisis due to corruption and smuggling in the oil sector. There are calls to lift fuel subsidies, but experts believe that solutions require security and institutional reforms to improve resource management, rather than burdening citizens with the consequences of these problems.

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