9 Hrs
Source:
عين ليبيا
Source: عين ليبيا
9 Hrsعين ليبيا
Source: عين ليبيا
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Libyan economist Husni Bey warned that raising salaries without sustainable revenues could worsen inflation and weaken purchasing power. The government wage bill is estimated at 70 to 75 billion dinars a year, while a 20% increase would add around 15 billion dinars in annual spending. He proposed reforming energy and fuel subsidies, which may cost around 100 billion dinars a year, and gradually replacing them with fair cash compensation. Saving 20% of that cost could generate 20 billion dinars annually, though the cost of compensation and the transition would need to be taken into account. He also called for spending controls, standardized wage criteria linked to efficiency and productivity, and reform of the foreign exchange market. The goal, he stressed, should be to increase real income and protect purchasing power—not simply to raise salaries in nominal terms.
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