Libyans' salaries fall below refugee income
The article addresses the economic crisis in Libya, where the economy faces structural challenges due to poor management of financial resources despite their abundant availability. It explains that employee salaries are granted as low social assistance, ranging between $150 and $400 per month, with no additional services or insurance. This is far below the support provided to refugees in impoverished countries, reflecting inefficiency in resource management and wage policies. The economic expert confirmed that Libya has the capacity to establish a unified salary scale aligned with inflation and the rising cost of living. However, mismanagement by the Central Bank and reckless economic policies—such as devaluation of the dinar and the imposition of taxes—have led to increased inflation and a swelling public sector workforce. He emphasized the necessity of developing the banking sector and comprehensive financial management to create a suitable investment environment, leveraging international agreements, and achieving social justice through restructuring the public sector and efficiently managing resources to halt the economic crisis and improve living standards.
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