The Central Bank of Libya (CBL) published its monthly revenue and expenditure statement yesterday for the period January to October 2025.
Libyan dinar surplus
The data shows that revenues for the period amounted to 103.4 billion dinars, while expenditures amounted to 95.1 billion dinars, resulting in a surplus of approximately 8.3 billion dinars.
Breakdown of spending
Total government spending for the period amounted to about 95.1 billion dinars, of which:
- 55.2 billion dinars were allocated for salaries, which did not include the salaries for October
- 32 billion for subsidies
- 4.2 billion dinars for operational expenses
- 3.7 billion dinars for the development section
Breakdown of revenues: Oil revenues amounted to 98 percent of state revenues
Oil revenues from oil and gas sales and royalties represented more than 98% of the state’s revenues, reaching 101.5 billion dinars, while other sovereign revenues from taxes, customs, communications and others amounted to about 1.9 billion dinars.
Hard currency revenues, deficit
Total oil revenues supplied during the period amounted to about $19.3 billion, while the uses of foreign currency during the same period amounted to about $26 billion, meaning that the value of the deficit in foreign currency this year reached $6.7 billion.
Cause of dollar deficit
The CBL attributed the increase in the value of the foreign exchange deficit to the decrease in oil revenues supplied to it in the month of October.
Source of deficit cover
The CBL said that it covered this deficit from the returns of its investments from deposits, bonds and gold portfolios, and achieved a surplus in the balance of payments by US$ 1.7 billion.
