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عين ليبيا
Libya’s Oil Wealth Divide
Economist Helmi Al-Qamati said Libya’s crises—from the widening parallel market and cash shortages to deteriorating public services—reflect structural imbalances in the management of spending and resources, as well as poor coordination between fiscal and monetary policies. In November 2026, the parallel-market dollar exchange rate exceeded 9.92 dinars, compared with the official rate of 6.425 dinars, a gap of more than 54%. Data for January–September 2026 showed public revenues of about 114.58 billion dinars, including 94.2 billion from oil, against 60.6 billion in salary spending, 14.3 billion in subsidies, and just 1.6 billion in development spending. Al-Qamati called for spending controls and unified management of public finances; gradual reform of fuel subsidies while protecting affected groups and sectors; audits of the hydrocarbons and electricity sectors; and the development of investment and non-oil activities.
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