No Result
View All Result
Friday, June 13, 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 Business

National ID number will save LD 6 billion: Hassi

bySami Zaptia
February 21, 2015
Reading Time: 2 mins read
A A

By Libya Herald reporter.

The National ID Number could save LD 6 billion in state salary over payments (Photo: Sami Zaptia).
The National ID Number could save LD 6 billion in excess state salary payments (Photo: Sami Zaptia).

Malta, 21 February 2015:

The use of the National ID Number in disbursing state-sector salaries will save the state coffers . . .[restrict]‘’more than LD 6 billion’’.

The eye-watering figure was revealed in a televised address by the GNC/Libya Dawn Salvation Government prime minister Omar Al-Hassi on Thursday, LANA reports.

Hassi assured the public that January and February salaries were already deposited at banks and would start to be paid out at the start of next week.

RELATED POSTS

Libya’s financial stability hinges on disciplined fiscal management and strategic investment: Husni Bey

Electronic Payment Forum and Exhibition – 20 to 22 May at Tripoli International Fairgrounds

His assurance comes in the midst of concern by Libyans that January’s and February’s wages would not be paid out at the end of this month, in view of news that the various state-departments had not succeeded in forwarding lists of names of salary recipients – accompanied by National ID Numbers.

The public concern is partly fed by the often conflicting public statements by the GNC, the Hassi government, the Audit Bureau and the Central Bank of Libya (CBL) regarding the readiness, or lack of, state-sector employee lists with the National ID Number.

It will be recalled that in view of Libya’s current internal political and economic problems, as well as the collapse in international crude oil prices, Libya is suffering from a budget deficit. Its oil-export revenue is not covering its expenditures on salaries and subsidies, forcing the state to dip into its foreign currency reserves.

The CBL has been in the forefront of attempting to cut state outgoings, including the imposition of the use of the National ID Number in the disbursement of state-sector salaries.

Hassi said that the LD 6 bn excess or duplicate salaries ‘’used to be clearly stolen’’, and that the National ID Number would start to be used from the month of March.

It had previously been floated that the National ID Number would start to be used for the disbursement of January and February’s salaries. However, Hassi’s statement of March confirms news emanating from the various Ministry bureaucracy that the state bureaucracy has not been able to marry all the lists of names and National ID Numbers in time for February payments.

Hassi went on to state the various other austerity measures laid down by the CBL in order to curtail the deficit and save foreign currency reserves.

These included the measure to cut overseas embassy staff, and cut their very high rate of salaries, which together with some other departments, were raised in an illegal procedure – over and above other sectors, Hassi said.

He also called for the halting of the payment of salaries to those who fail to turn up to work and action against those who help cover-up work absenteeism. The uncontrolled awarding of student scholarships also had to stop, he added.

Finally, in an admission that the Libyan state-system cannot supervise itself, Hassi emphasized the need to cooperate with NGO’s due to their concern for the public interest and public money, without vested interest and without them seeking any gain whatsoever. [/restrict]

Tags: audit bureauCBL Central Bank of Libyadeficitforeign exchange reservesGNC Libya DawnNational ID NumberoilOmar Al-Hassistate sector salaries

Related Posts

Nearly 11,000 migrants repatriated from Libya and 3,165 Mediterranean fatalities: IOM
Business

IOM delivers training to over 180 Libyan youth

June 12, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

Aldabaiba stresses need to complete Airport Road works in full in conjunction with imminent opening of Tripoli International Airport

June 12, 2025
Algeria exports electric vehicle charging stations to Libya
Business

Algeria seeks to facilitate the flow of Algerian goods and services to the Libyan market

June 9, 2025
Signboards for Benghazi’s new airport at Tika go up – UAE’s Global Builders/Terminals company to implement
Business

Construction work progressing at Benghazi’s new Tika airport

June 9, 2025
Boursa FinTech’s virtual Trading and Investment Competition winners announced
Business

Boursa FinTech’s virtual Trading and Investment Competition winners announced

June 9, 2025
UN Secretary General calls for stability, early elections, and critical decisions to be taken in a transparent and consensual manner
Business

Libya grapples with political instability and division, fragmented governance, and an overreliance on hydrocarbons: UN Libya study

June 9, 2025
Next Post

Ghariani applauds Algeria’s respect for Libya’s sovereignty

Misrata and Zintan agree prisoner exchange

Misrata and Zintan agree prisoner exchange

ADVERTISEMENT

Top Stories

  • Tripoli Defence Minister Namroush takes steps to secure Tripoli after Bashagha alleged assassination attempt

    Calm returns after overnight Tripoli militia clashes – Defence Ministry says it has enforced control, warns of readiness to take measures to ensure security

    0 shares
    Share 0 Tweet 0
  • Construction work progressing at Benghazi’s new Tika airport

    0 shares
    Share 0 Tweet 0
  • Boursa FinTech’s virtual Trading and Investment Competition winners announced

    0 shares
    Share 0 Tweet 0
  • Libya grapples with political instability and division, fragmented governance, and an overreliance on hydrocarbons: UN Libya study

    0 shares
    Share 0 Tweet 0
  • Algeria seeks to facilitate the flow of Algerian goods and services to the Libyan market

    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

IOM delivers training to over 180 Libyan youth

Aldabaiba stresses need to complete Airport Road works in full in conjunction with imminent opening of Tripoli International Airport

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.