Government has presented the 2014 budget to GNC

By Sami Zaptia       

Tripoli, 4 February 2014:

Speaking at Monday’s press conference, the Prime Minister alongside his Deputy Minister of Finance, Maraja . . .[restrict]Ghait, confirmed that the 2014 budget had been presented in the last few days to the GNC for approval.

Neither gave details of the content of the budget, saying that despite the shortfall of revenue as a result of the of blockades in the east, Libya’s only source of revenue, they were able to manage for the year 2013.

Ghait complained that his Ministry inherited many old and out-of-date regulations that had caused delays for the government, revealing that although the national revenue was down in some months to as low as 10 percent, he expected that the government would be able to carry on for another three to four months without problems. [/restrict]