6 Hrs
Source:
عين ليبيا
Source: عين ليبيا
6 Hrsعين ليبيا
Source: عين ليبيا
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Economists in Libya have put forward two proposals to reform subsidies. Housni Bey called for replacing commodity subsidies with immediate, equal cash transfers to all citizens for two years, then gradually targeting support to those in need over five years. He also proposed capping energy subsidies at no more than 20% of the value of oil and gas production or 15% of public spending, whichever is lower. Bey estimated energy costs at about $17 billion in 2024 and more than $20 billion in 2026, warning that waste and smuggling would continue if reform were delayed. By contrast, Nazim al-Tayyari proposed a ration card linked to the national identification number for households whose heads earn an average salary of no more than 2,500 dinars. The card would allow them to buy subsidized staple goods in quantities based on the size of the household.
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