Central Bank Reports 88.6B Dinars Spending and $4.7B Deficit

The Central Bank of Libya announced that public expenditure during the first nine months of the year amounted to 88.6 billion dinars, while the fiscal deficit reached 4.7 billion dollars. It explained that revenues were sufficient to cover part of the expenses, but spending consumed most of the revenues, leading to an increase in the financial deficit and a reduction in public resources. The data indicates rising financial pressures on the Libyan economy during this period.

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