10 Days
Source:
عين ليبيا
Hassani Bee: Price support drives smuggling and corruption
Economic expert Hosni Bey called for a reconsideration of price support policies in Libya, considering that their continuation imposes a significant financial burden and promotes corruption and smuggling. He pointed out that the support cost for 2024 amounts to approximately 72 thousand dinars per family of six members, and that the allocation rate for fuel accounts for about 40% of public revenues, raising questions about the effectiveness of these policies. He emphasized the need to replace them with a direct cash support system, asserting that modern economic models rely on digital analysis, and that implementing cash support could lead to inflation ranging between 1.8% and 3.5%.
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