No Result
View All Result
Friday, June 6, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • 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 Libya

No squandering of public funds, budget deficit expected in 2013 – Zeidan

bySami Zaptia
November 14, 2013
Reading Time: 2 mins read
A A

By Sami Zaptia.

Tripoli, 14 November 2013:

At Sunday’s press conference, Prime Minister Ali Zeidan defended his government against accusations . . .[restrict]of overspending or misspending public money. He also confirmed that Libya will have a budgetary deficit in 2013.

“Accusations that we overspent or that we misspent public money are untrue”, he said in reply to media accusations.

Zeidan also refuted claims that his government had inherited a windfall of money unspent by the Al-Kib government.

RELATED POSTS

NOC confirms all oil operations continuing normally – after communicating with eastern blockading protesters

Oil blockade imposed on eastern ports – why now?

“Any money left over from the previous government is returned to the state coffers. There was talk in the media that we were handed over the unspent parts of the previous budget. We received no money from the previous Al-Kib government. All that we have spent has been released only through the GNC. All our spending is approved by the GNC”, the PM emphasized.

“As a result of the oil blockades, we may find ourselves with a budgetary deficit this year, Zeidan said, confirming the forecast made by the IMF as early as October. The PM further added that “60 percent of oil production had been stopped”, without revealing the exact number of barrels currently being produced per day.

Moreover, probably in part signaling to the general public and the armed militias, Zeidan warned that “in one or two months we may no longer be able to pay wages. “

Reiterating his point that the general public should proactively help the government in solving the oil blockade crises, Zeidan said that he expected “people to peacefully go to the oilfields and get the demonstrators out”.

“There can be no wages, no travel abroad for healthcare etc” oil exports are not resumed, he explained. “You should understand the size of this crises”, he emphasized.

[/restrict]

Tags: budbetdeficitGNCIMFoil blockadeoil production

Related Posts

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Sixty-nine accused of 3,130 incidents of forgery in the Civil Registry

June 4, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba hails recent security operations, vows to end militias – warns against illegal eastern parallel spending leading to inflation and LD devaluation

June 4, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Tripoli based Libyan Prime Minister Aldabaiba launches Three-Track Political Initiative

June 4, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba rejects continued spending by eastern Libya government outside the legal budget

June 4, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba hits back at opportunist ‘‘warmonger’’ HoR Speaker Saleh

May 21, 2025
23 unidentified corpses discovered in Abusleem Hospital mortuary fridges
Libya

23 unidentified corpses discovered in Abusleem Hospital mortuary fridges

May 21, 2025
Next Post

Military Integrity Commission disbars 915 personnel

Damaged embassies upset by last week's clashes

ADVERTISEMENT

Top Stories

  • Work on the five-star Al-Andalus Hotel continuing

    Work on the five-star Al-Andalus Hotel continuing

    0 shares
    Share 0 Tweet 0
  • Tripoli based Libyan Prime Minister Aldabaiba launches Three-Track Political Initiative

    0 shares
    Share 0 Tweet 0
  • Signboards for Benghazi’s new airport at Tika go up – UAE’s Global Builders/Terminals company to implement

    0 shares
    Share 0 Tweet 0
  • Tripoli International Airport to open to private flights and ambulance flights

    0 shares
    Share 0 Tweet 0
  • Aldabaiba hails recent security operations, vows to end militias – warns against illegal eastern parallel spending leading to inflation and LD devaluation

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
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

LBC signs MoU with Industrial Zones Authority in Benghazi

Work on the five-star Al-Andalus Hotel continuing

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.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

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

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.