No Result
View All Result
Monday, January 19, 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

Aldabaiba defends subsidies, grants, overspending, over-employment – will support housing but not corruption

“Building Libyan National Capacities in the Fields of Combating Corruption and Money Laundering 2025–2027” agreement signed between ACA and UNSMIL at Anti-Corruption event

”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

EU to end Operation Sophia and to launch new Mediterranean operation to monitor UN Libya arms embargo
Libya

The 2nd EU-Libya Film Festival to be held in Tripoli from 20 to 22 January

January 19, 2026
Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives
Business

Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports

January 18, 2026
Nearly 11,000 migrants repatriated from Libya and 3,165 Mediterranean fatalities: IOM
Libya

IOM reports 928,839 migrants identified across Libya in 2025

January 14, 2026
Libya’s western-based army opens enrolment
Libya

Chief of Staff of Libyan Army Al-Namroush discusses supporting pilot training, improving the Air College and developing Naval forces

January 14, 2026
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Government price control campaign has led to over 30 percent price decreases: Deputy Economy Minister Abu Shiha

January 11, 2026
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Head of LISCO’s Materials Department detained in US$ 26 million contract fraud with Austrian company VA Intertrading

January 11, 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

libyaherald-Ads

Top Stories

  • The International Forum & Exhibition for Free Zones – Misrata: 28 to 29 June at Misrata Free Zone

    Qatari, Italian and Swiss US$ 2.7 billion investment in Misrata Free Zone to increase its capacity to 4 million containers annually

    0 shares
    Share 0 Tweet 0
  • National Development Agency Signs MoU for 1,000 Pivot Irrigation Systems for Southern Libya

    0 shares
    Share 0 Tweet 0
  • Head of LISCO’s Materials Department detained in US$ 26 million contract fraud with Austrian company VA Intertrading

    0 shares
    Share 0 Tweet 0
  • 21 MoU’s signed at yesterday’s Libyan Greek Development and Reconstruction Forum in Benghazi

    0 shares
    Share 0 Tweet 0
  • Dollar breaks LD 9 mark on black-market for first time since December 2017

    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

The 2nd EU-Libya Film Festival to be held in Tripoli from 20 to 22 January

Italy and EU should provide direct support to Libya in its fight against illegal migration – Libya will not be a home for illegal migrants: PM Aldabaiba

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.