Libya’s central bank reports January-February revenue and expenditure figures amid economic challenges

Libya’s Central Bank has published its financial report for the first two months of 2025, revealing total revenues of 18.256 billion dinars and expenditures exceeding 8.4 billion dinars. The primary source of revenue for the period from January 1 to February 28 was oil sales, which generated 14 billion dinars.

Additional income came from oil royalties, totaling 3.7 billion dinars, and tax revenues, which amounted to 41.1 million dinars. Despite this, no income was recorded from fuel sales on the local market, highlighting an area of concern in domestic energy distribution.

In terms of government spending, salaries under Chapter I represented the largest expenditure, accounting for 5.9 billion dinars, excluding February salaries. Operating expenses (Chapter II) reached 35 million dinars, while subsidies (Chapter IV) amounted to 2.5 billion dinars. Notably, there was no expenditure recorded in Chapter III (development) or Chapter V (emergency funds), which may indicate a lack of investment in critical infrastructure and social services, especially during a time of economic recovery.

The Central Bank’s report underscores both the reliance on oil revenue and the ongoing challenges facing Libya’s economy, including the absence of fuel revenue on the local market and a lack of spending in key development areas. These figures reflect the complex fiscal environment in Libya, where oil remains a dominant economic driver, yet there is little movement in diversifying revenue streams or addressing urgent development needs.