Fiscal Policy
Central Bank source to Libya Herald: Q1 figures confirm continued dominance of oil in revenues & pressure of state salary bill on expenditure
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Belgasem Hafter reneges on US-brokered agreement by refusing to cut development spending – sends dinar crashing
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Tax Authority 2025 revenues achieve nearly LD 4 billion – the highest ever
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As the dollar breaks the LD 10.50 mark, Aldabaiba attempts to deflect blame squarely onto Hafter for Libya’s runaway economic crisis
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Tripoli Libyan government rejects new import taxes, blames dinar collapse on Hafter’s parallel spending outside approved budget
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Aldabaiba calls on CBL Governor to halt all 2026 project spending across Libya - until the newly US-brokered unified spending agreement is adhered to
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Economy Ministry requests CBL suspends US$ 130 million LCs for 85 companies for failing to import any cooking oil in 2025
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HoR will not impose taxes on essential goods – but still studying and reviewing the idea
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