No Result
View All Result
Friday, June 2, 2023
22 °c
Tripoli
23 ° Sat
25 ° Sun
23 ° Mon
24 ° Tue
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Opinion

Opinion: Libya’s 2013 general budget and future challenges

bySami Zaptia
February 10, 2013
Reading Time: 3 mins read
A A
Opinion: Libya’s 2013 general budget and future challenges

The dinar's value against the US dollar continues to drop Photo: Libya Herald).

12
SHARES
50
VIEWS
Share on FacebookShare on Twitter

By Khaled Ali Elmariami.

 

The 2013 Libyan budget. What size will it be? (Photo:Sami Zaptia).

Tripoli, 3 February 2013:

The Libyan government headed by Ali Zeidan is engaged in the preparation of 2013 budget, subject . . .[restrict]to hydrocarbon revenues which will be presented to the General National Conference to adopt naturally after an in-depth discussion.

The authorities have to take into account that the budget should be distributed equitably so that citizens feel better off compared to the previous year’s budget.  This budget could be the largest in the history of the country and yet there is a general feeling of dissatisfaction by many Libyans who are convinced that the economic situation has deteriorated when compared to previous years.

RELATED POSTS

Libyan women’s NGO condemns violations of human rights, calls for transparency in reconstruction efforts

Top law firm joins new British Libyan Business Association

Usually when any country starts to set the state budget they must study the challenges facing that country during that year. In our case we can abbreviate Libya’s challenges in the following:

  • Security and military expenditures to form the new army and police forces.
  • Anti-corruption control and accountability.
  • Inaction and negligence by the management of Ministers and Top Management. “The money should be used and distributed to the right places for the country’s interests”.
  • Improving the level of per capita income and increasing the salaries.
  • Paying attention to the health, education and services sectors.
  • Investment in human resources to ensure the renaissance and rapid development of the country.
  • Equitable distribution of resources to all areas and its vital facilities.
  • Infrastructure.

Thus, the government must fix criteria for financial spending. The percentage of money wasted due to corruption is usually high in Third World countries, sometimes as much as 20% of the budget. However, we do not know yet what proportion of Libyan budget was wasted during the past year.

If a certain percentage, less than which was squandered each year, can be identified within the next budget and used to monitor and fight corruption in the state sector, this procedure will definitely guarantee us good methods of budget disbursements and ensures future benefits.

There should be descent distribution and clear percentages from the budget for each sector which should be sufficient for implementation of the sector’s expected projects. This must not exceed the percentages of the value of what could be implemented during the year’s requirements of the sector.

For example, 10 percent can be assigned for security and military expenditures from the anticipated budget of 60 billion Libyan dinars  – which mean the equivalent of 6 billion Libyan dinars! Can we realistically equip the army and police forces with this amount in just one year?  Or would such a large amount of money simply encourage corruption in this sector?

The government must also assign logical percentages in order of priority for important sectors such as health, education, services, increasing salaries and infrastructure renovation for all areas. These ratios must be reasonable compared to other developed countries.

For instance, the usual amount set for the health sector is up by 6 percent, education 5 percent and scientific research 2 percent. But it is expected that the ratio for scientific research will not exceed 0.1 percent of the general budget, despite the importance of this sector in encouraging young people into scientific research and patenting inventions, which will contribute to encouraging researchers to research and work hard in their homeland.

The importance of scientific research lies in the development of scientific capabilities, intellectual and behavioral. This sector is one of the mainstays of the economy of countries and their development and thus the well-being of our people and improvement of the status of our country among nations.

The same applies to the health sector, education, services, industry, agriculture and tourism which can increase the national income if developed and help guarantee the growth of the general budget in coming years.

I hope that civil society organizations and political parties start to hold public forums in order to discuss the issue of the budget and its equitable distribution to all sectors and geographical areas.

It is important for all citizens to feel that there is a possibility of improving their living conditions in the future with full transparency, which helps to increase their desire in achieving the state of institutions which we all aspire to.

Khaled Ali Elmariami BSc, MBA

The views expressed in this opinion piece do not necessarily reflect those of Libya Herald. [/restrict]

 Your browser does not support HTML5 video.
Tags: Ali Zeidanbudgetcivil societydistributionequitableGNCLibyaPartiesratiosregionssectorsspending
Share5Tweet3Share1

Related Posts

Libya

OpEd: And exactly how safe is Tripoli?

January 10, 2018
OpEd: Turkey’s foreign minister on tomorrow’s Istanbul conflict resolution conference
Libya

OpEd: Turkey’s foreign minister on tomorrow’s Istanbul conflict resolution conference

July 31, 2017
Op-Ed: Playing the Trump card in Libya
Libya

Op-Ed: Playing the Trump card in Libya

November 19, 2016
Opinion

Op-Ed: Libya after the spin and deception

December 21, 2015
Opinion

Op-Ed: The Art of Avoiding Dialogue

December 16, 2015
Opinion

Op-Ed: Libya’s Article 13 – disagreeing over the political agreement

October 12, 2015
Next Post
A forum on renewable energy held in Tripoli

A forum on renewable energy held in Tripoli

New banknotes on track for anniversary launch

New banknotes on track for anniversary launch

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    224 shares
    Share 90 Tweet 56
  • Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    143 shares
    Share 58 Tweet 36
  • The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

    66 shares
    Share 26 Tweet 17
  • Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

    50 shares
    Share 20 Tweet 13
  • NOC completes strategic project to increase local gas supply and clean pipelines

    45 shares
    Share 18 Tweet 11
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

SPARK partners with Hive and Assaraya in Benghazi to implement training programme

REAoL opens Benghazi office – to open office in south soon

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?