According to the Central Bank of Libya’s latest financial statistics bulletin published yesterday for Libya’s state revenues and expenditure during the period January to end of August 2025, revenues amounted to 84.3 billion dinars, while expenditure amounted to 71.5 billion dinars, giving a surplus of 12.8 billion dinars.
Oil revenues from oil and gas sales and royalties represented about 98% of the state’s revenues, amounting to 82.6 billion dinars, while other sovereign revenues from taxes, customs, telecommunications, and others amounted to about 1.7 billion dinars.
The CBL reported that total government expenditure for the period amounted to about 71.5 billion dinars, of which 42.9 billion dinars were allocated for salaries and 24.3 billion dinars for subsidies, in addition to 3.9 billion dinars for operating expenses, and about 403 million dinars for development, noting that this expenditure does not include salaries for the month of August.
The total oil revenues supplied for the period amounted to about $15.8 billion, while the foreign exchange uses during the same period amounted to about $21.7 billion, meaning that the value of the foreign exchange deficit this year reached $5.9 billion. This deficit was covered by the returns on the Central Bank’s investments of deposits and gold, and an amount of US$ 400 million from reserves.
The Central Bank of Libya’s reported that its total foreign assets reached approximately $97.3 billion at the end of August, an increase of approximately US$ 2 billion compared to the figures recorded at the end of 2024, when foreign assets amounted to approximately US$ 95.3 billion.
It also reported that revenues from the tax fee imposed on foreign exchange sales during the period amounted to about 16 billion dinars.
