In its statement of revenues and expenditures for 2024, the Central Bank of Libya revealed today that:
- Total revenues in 2024 amounted to 123.5 billion dinars
- Total spending in 2024 amounted to 123.2 billion dinars – with a surplus of about LD 300 million
- Revenues from the surcharge on the sale of foreign exchange amounted to 27.2 billion dinars
- Oil sales revenues for 2024 amounted to 76.7 billion dinars
- Communications revenues amounted to 205 million dinars
- Local fuel sales amounted to 152 million dinars
- Total state sector salaries spending amounted to 67.6 billion dinars
- State subsidies spending amounted to 16.1 billion dinars
- Operational spending amounted to 7.7 billion dinars
- Development/Projects spending amounted to 22 billion dinars
- US$ revenues were (18.6 billion + 3.2 billion) 21.8 billion
- US$ expenditures were 27 billion – resulting in a deficit of US$ 5.2 billion
The uses of foreign exchange in 2024 included:
- 9 billion dollars for documentary credits
- 2 billion for personal purposes
- 352 million for transfers
- 151 million for merchant cards
- 6 billion dollars for the National Oil Corporation (NOC)
- 896 million for the General Electricity Company of Libya (GECOL)
