No Result
View All Result
Monday, December 8, 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

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

“PM Aldabaiba, oversight bodies, Audit Bureau, and Attorney General bear direct legal responsibility for corruption currently plaguing National Oil Corporation’’

Tripoli Health Ministry prohibits acceptance of gifts or donations without prior written permission as part of transparency drive

”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

CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December
Business

CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December

December 7, 2025
CBL receives results from meetings with international banks
Business

Latest CBL stats to November 2025 show significant growth in Libya’s electronic banking sector

December 6, 2025
Nine deaths and 16 injured in Tajura state-recognised militia clashes
Libya

Overnight Zawia clashes end with civilian injuries and unconfirmed deaths

December 5, 2025
Interior Ministry’s Diplomatic Missions Protection personnel receiving training in Ukraine
Libya

Three million illegal immigrants in Libya, 75 % of whom are families, constitute ”settlement” which Libyans reject – illegally transfer US$ 7 billion annually: Interior Minister Trabelsi

December 4, 2025
EU to end Operation Sophia and to launch new Mediterranean operation to monitor UN Libya arms embargo
Libya

EU concludes Rome consultations with Libyan institutions on new migration and border management programme

December 4, 2025
Interior Ministry’s Diplomatic Missions Protection personnel receiving training in Ukraine
Libya

Libya’s National Programme for the Deportation of Illegal Immigrants: thousands repatriated with aim to repatriate 60,000 per month

December 3, 2025
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

  • AmCham Libya leading Libyan delegation to 2024 World of Concrete Tradeshow in Las Vegas, 23-25 January

    AmCham Libya organizing Second AmCham Pavilion at Tripoli’s 2026 Libya Energy & Economic Summit (LEES)

    0 shares
    Share 0 Tweet 0
  • Three million illegal immigrants in Libya, 75 % of whom are families, constitute ”settlement” which Libyans reject – illegally transfer US$ 7 billion annually: Interior Minister Trabelsi

    0 shares
    Share 0 Tweet 0
  • Former Tripoli Marriot hotel rebranded, upgraded and reopened as Al-Hayat Tower

    0 shares
    Share 0 Tweet 0
  • National Oil Corporation, Eni, BP, and Libyan Investment Authority consortium preparing to drill first deepwater exploratory well in Sirte Basin

    0 shares
    Share 0 Tweet 0
  • “PM Aldabaiba, oversight bodies, Audit Bureau, and Attorney General bear direct legal responsibility for corruption currently plaguing National Oil Corporation’’

    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

Akakus Oil Operations complete drilling and commissioning of injection well which contributes to restarting several shut down wells

Lack of control of state spending and the de facto existence of two governments in Libya negatively affects the CBL’s effectiveness: CBL Board Member

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.