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الشرق الأوسط
Libyan Oil Revenue Allocation
The article discusses the financial and administrative crisis facing Libya, focusing on how oil revenues are managed and the reasons behind the deteriorating economy despite the country possessing Africa's largest oil reserves. The report explains that excessive dependence on oil, widespread corruption, and multiple authorities have led to structural imbalances, such as the lack of a unified revenue management system, the decline of non-oil sectors, and growing regional disparities. It also points to fluctuations in oil revenues, electricity outages, fuel shortages, high public debt, and inflation, along with disorganized monetization of funds and foreign interests overlapping. Ultimately, experts emphasize the need to unify budget management, implement genuine structural reforms, and promote economic diversification to overcome the crisis and achieve financial and economic sustainability.
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