The Central Bank of Libya has allocated 4 billion, 662 million, 585 thousand, and 994 Libyan dinars ($3.8 billion) in spending for legislative and executive bodies during the period from January 1 to the end of last November. Of that amount, 2 billion, 547 million, 221 thousand and 221 dinars ($1.7 billion) were for salaries, representing about 54.6% of total spending during that period.
$1.7 Billion in Spending for the Government of National Unity
The Government of National Unity led by Abdel Hamid Dbeibeh and its affiliated entities received 2 billion, 550 million, 224 thousand and 476 dinars ($1.7 billion) over the past eleven months. Of that, 1 billion, 131 million, 683 thousand and 365 dinars ($945 million) were for salaries, according to data from the Central Bank of Libya issued on Tuesday.
$450 Million Allocated to the Presidential Council
The Presidential Council and its affiliated entities were allocated 676 million, 320 thousand and 337 dinars ($450 million) during that period. Of that amount, 565 million, 903 thousand and 670 dinars ($376 million) were allocated for salaries alone.
$910 Million for House of Representatives.. $47 Million for State Council
As for the House of Representatives and its affiliated entities, 1 billion, 364 million, 343 thousand and 394 dinars ($910 million) were allocated to it since the beginning of this year. Of that, 812 million, 936 thousand and 398 dinars ($54 million) were for salaries.
Spending by the Supreme State Council during that period reached 71 million, 697 thousand and 787 dinars ($47 million), including 36 million, 697 thousand and 788 dinars ($31 million) for the salary item.
The data from the Central Bank of Libya provides details on public spending allocated to legislative and executive governing bodies in Libya over the past 11 months. Salaries accounted for a sizable portion of the 4.66 billion Libyan dinars dispersed from January 1st to the end of November.
As Libya progresses through its transitional phase, policymakers continue to face economic issues related to public budgets, liquidity management, inflation levels and the need to expand productive output across the economy.