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عين ليبيا
Source: عين ليبيا
2 Hrsعين ليبيا
Source: عين ليبيا
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Libyan businessman Husni Bey believes that unifying salaries could promote fairness. However, raising wages without sustainable financing could widen the deficit, fuel inflation and weaken purchasing power, particularly given the economy’s reliance on oil and gas revenues. The annual wage bill is estimated at around 70–75 billion dinars. A 20% increase, calculated on a base of 75 billion, would add 15 billion dinars a year. Meanwhile, energy and fuel subsidies could cost around 100 billion dinars—roughly 35% of public spending, according to estimates cited in the article. Bey calls for a gradual reform of subsidies, replacing them with fair, direct compensation, alongside tighter spending controls and reforms to wages and the foreign-exchange market. He stresses that the priority should be protecting real incomes, not increasing nominal salaries.
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