Libya Facing Middle Class Decline
The article discusses the economic conditions in Libya and their impacts on society. Economic expert Mokhtar Al-Jadeed pointed out that Libyan society is gradually dividing into two classes: the wealthy and the poor, with some members of the middle class slipping into poverty. He noted that a small number of people still reject this reality, considering that changing this situation is only a matter of time. Businessman Nadhim Al-Tayari talked about the electricity load shedding crisis, emphasizing the importance of distributing power fairly and promoting transparency regarding areas that are excluded from rationing. Additionally, businessman Hosni Bay clarified that statements about issuing government bonds worth 10 billion dinars require official confirmation. He stressed that borrowing should be mainly directed toward financing productive projects rather than covering the current deficit, warning about the risks associated with increasing debt and money supply inflation. He underscored the need to control government spending and redirect it toward investment and production instead of reliance on rentier income.
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