No Result
View All Result
Friday, May 8, 2026
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

Government does not recognize subsidy reform, follows austerity and priority plan – Economy Minister Aser

bySami Zaptia
June 1, 2015
Reading Time: 2 mins read
A A
Government does not recognize subsidy reform, follows austerity and priority plan – Economy Minister Aser

The only internationally recognized government of Libya held a press conference on Sunday at the cabinet office in the eastern city of Al-Beida (Photo: Libyan Government).

By Libya Herald reporter.

The only internationally recognized government of Libya held a press conference on Sunday at the cabinet office in the eastern city of Al-Beida . . .[restrict](Photo: Libyan Government).
The only internationally recognized government of Libya held a press conference on Sunday at the cabinet office in the eastern city of Al-Beida (Photo: Libyan Government).

Tunis, 1 June 2015:

Speaking at the Abdullah Thinni government press conference held in the eastern city of Al-Beida on Sunday, Economy Minister Munir Aser repeated his Ministry’s mantra that the ‘’government is not an entrepreneur and where there is development there is security’’.

He also repeated that the very difficult situation his exiled government finds itself in, forced to work without all the data and backing bureaucracy it was forced to leave behind, We are working in n very difficult conditions and under accusations of treason and under suspicion’’should be kept in mind.

”When we took office, we had a basic problem of shortages in the strategic staple foodstuffs: cooking oil, flour, tomato paste and rice”.

RELATED POSTS

30 Egyptian food and packaging companies to be hosted by Misrata Chamber of Commerce at its headquarters tomorrow

Libya ranks 177th out of 180 countries in Transparency International’s Corruption Perception Index 2025

”There was also no approved budget for imports. We called upon some respected business people who took it upon themselves to supply some of the produce on terms of a years’ credit enabling us to provide flour for the bread bakeries’’

Aser assured that his legitimate government does not support the subsidy reform announced by the illegitimate government of Tripoli. He assured the public that the time for subsidy substitution has not arrived as this needs research and study of finance, monetary and commercial policy.

This will happen in the future after study so that the citizen is not negatively affected. Subsidies will continue and quantities of foodstuffs will arrive at the food cooperatives before the start of the fasting month of Ramadan, Aser assured.

The subsidy reform decisions by Tripoli are illegitimate and those who take these decisions should face the consequences in the future. The decisions were made to cause instability and insecurity in the country, he added.

Regarding remarks made by the Audit Bureau and Administrative Control Authority the Minister noted that these did not reach the level of official notices or penalties or crimes and that his Ministry had replied to these comments.

There was no evidence of corruption he stressed despite the false rumours circulating. He assured that his ministry is still ready to be questioned on any comments by the monitoring bodies.

”The government will not impose on any future government any obligations or debts. We are able to tickle everyone’s emotions with contracts and things that a future government would have to face, forcing it to fix our mistakes. But we are following austerity policies dealing with priorities and history will be the ultimate proof’’ [/restrict]

Tags: austeritycorruptioneconomyfeaturedfoodreformsubsidy

Related Posts

Visiting Jordanian specialists perform 18 infertility and delayed childbearing operations in Zintan Hospital
Libya

Health Ministry signs Strategic Cooperation Agreement 2026-2027 with WHO – announces results of the 100-Day Initiative

May 8, 2026
Libya

Zawia clashes lead to Zawia Refinery shutdown and evacuation of Zawia Port

May 8, 2026
Indian embassy reopens in Tripoli
Business

Indian Embassy to resume issuing visas from Tripoli soon – sends more Libyans for training in India

May 7, 2026
Policeman killed in UNDP Tripoli office attack
Libya

Newly installed Automated Weather Station in Shahat – part of growing network of Automated Weather Stations across eastern Libya

May 6, 2026
China’s Ambassador to Libya visits Benghazi on the inauguration of China’s COSCO direct shipping line to the city
Business

China’s Ambassador to Libya visits Benghazi on the inauguration of China’s COSCO direct shipping line to the city

May 4, 2026
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Tripoli PM Aldabaiba reveals 2026 unified budget of LD 167.36 bn at today’s cabinet meeting

May 4, 2026
Next Post

PM Thinni calls on international community to help in eradicating terrorism in Libya

Illegal migration must be solved at source, not just Libyan shores: Deputy PM for Services Affairs

Illegal migration must be solved at source, not just Libyan shores: Deputy PM for Services Affairs

Top Stories

  • Boeing signs a strategic agreement with Libya to modernize its civil aviation

    Boeing signs a strategic agreement with Libya to modernize its civil aviation

    0 shares
    Share 0 Tweet 0
  • Arabian Gulf Oil Company Chairman holds virtual meeting with BP

    0 shares
    Share 0 Tweet 0
  • Air France flights over Libya causing concern to crew union – other airliners have been overflying since 2025

    0 shares
    Share 0 Tweet 0
  • China’s Ambassador to Libya visits Benghazi on the inauguration of China’s COSCO direct shipping line to the city

    0 shares
    Share 0 Tweet 0
  • Libyan government delegation meets – US Department of Energy – discusses developing oil and gas sector and strategic energy projects

    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

Health Ministry signs Strategic Cooperation Agreement 2026-2027 with WHO – announces results of the 100-Day Initiative

Zawia clashes lead to Zawia Refinery shutdown and evacuation of Zawia Port

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.