The total expenditures of legislative and executive authorities amounted to about 565.88 million dinars during the first quarter of the year 2024, excluding salaries for last March, compared to 898 million dinars during the same period last year, including March salaries.
This revelation came in a statement issued by the Central Bank of Libya on Monday regarding public revenues and spending from January to March 31, 2024.
The Government of National Unity and its affiliated entities received 295 million, 436 thousand and 642 dinars in expenses during the three months. As for the Presidential Council and its affiliated bodies, they received 84 million 249 thousand and 161 dinars. The House of Representatives and its affiliated bodies received 179 million 482 thousand and 905 dinars, while the spending of the High Council of State reached 6 million 715 thousand and 287 dinars.
According to data from the Central Bank of Libya, spending during the first three months was limited to salaries and administrative expenses. It also did not include March salaries, which reached the Central Bank after March 31, 2024.
Data issued by the Central Bank of Libya indicated that no revenues were collected from the telecommunications sector during the first quarter of this year, with tax revenues reaching 52 million dinars during the months of January and February, while no additional revenues were recorded in the month of March.
As for customs revenues, they recorded only seven million dinars in March, in addition to 65 million during the months of January and February, bringing the total to 72 million dinars during the first quarter of this year.
The Central Bank said that total foreign exchange revenues during that period amounted to $4.8 billion, including $800 million in royalties, while the total uses and outstanding obligations in foreign exchange until the end of March amounted to $10.5 billion, which constitutes a deficit of about $5.7 billion.
The uses of foreign currency exchange amounted to 3 billion and 334 million dollars for commercial banks, while the total uses and obligations of the state amounted to 7 billion and 186 million dollars.
