According to the Central Bank of Libya (CBL) latest statistical bulletin published last Wednesday (15 October) on Libya’s revenues and expenditures for the period 1 January to 30 September 2025, revenues during the past nine months amounted to 94.6 billion dinars, while expenditures amounted to 86.2 billion dinars, resulting in a surplus of approximately 8.4 billion dinars.
The total government spending until the end of September 2025 amounted to approximately 86.2 billion dinars, of which:
- 51 billion dinars were allocated for salaries
- 29.5 billion dinars for subsidies
- 4 billion dinars for operating expenses
- 1.7 billion dinars for projects and development.
Oil and gas revenues
According to these figures, oil revenues from oil and gas sales and royalties represented approximately 98% of state revenues, reaching 92.8 billion dinars. Other sovereign revenues, including taxes, customs, communications, and others, amounted to approximately 1.8 billion dinars.
Revenues in dollars
Total oil revenues generated for the period amounted to approximately US$ 17.7 billion, while foreign exchange expenditures during the same period amounted to approximately US$ 23.7 billion.
US$ deficit
This means that the foreign exchange deficit so far this year has reached approximately US$ 6 billion. This, the CBL stated, was covered by returns on its investments in deposits, bond portfolios, and gold.
FX sales tax revenues
Revenues from the tax imposed on foreign exchange sales for the period amounted to approximately 17.7 billion dinars.
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