Central Bank of Libya (CBL) Governor has met in Tripoli with Presidential Council President (PC), Government of National Unity (GNU) Prime Minister, GNU Finance Minister, and Director of the Banking and Monetary Control Department, to discuss determining the status of public revenues and spending for the year 2023.
The meeting also dealt with the role of the Finance Committee in preparing estimates of revenues and public spending for the year 2024, and the measures that can be taken to rationalize consumer spending and audit the fuel bill supplied for private use, as well as the General Electricity Company’s consumption of fuel, according to CBL.
It also discussed foreign exchange conditions during the year. 2023, the reasons for the increase in demand during the year 2023 by $5 billion, CBL said in a statement on Saturday.
The attendees also reviewed measures required to be taken to control border crossings to limit the smuggling of goods, taking into account the existing credits and their goods on the way, worth $4 billion, about 20 billion dinars.