3 Hrs
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عين ليبيا
Source: عين ليبيا
3 Hrsعين ليبيا
Source: عين ليبيا
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Businessman Husni Bey called on the House of Representatives to implement cash substitution fully and immediately, including for fuel and electricity, and to sell goods and services at cost. He warned against a gradual rollout. Economic expert Nazim al-Tayari said the subsidy system creates opportunities for theft and corruption. He called for it to be abolished and its allocations—which he said amount to billions—to be added to citizens’ salaries. The remarks come amid debate over lifting subsidies. House Speaker Salehin Abd al-Nabi has called for citizens to receive financial compensation, noting that Libya receives only half of the fuel it needs each month and that a petrol price of 15 piastres is out of step with global prices.
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