| Reports
In Numbers and Details: The Central Bank Reveals a Financial Paradox Between Surplus and Deficit
The Central Bank of Libya disclosed that total revenues during the first ten months of 2025 amounted to 103.4 billion dinars, while expenditures reached 95.1 billion dinars, resulting in a surplus of 8.3 billion dinars.
Expenditures included:
- Salaries: 55.2 billion
- Operational expenses: 4.2 billion
- Development: 3.7 billion
- Subsidies: 32 billion
- Emergency: 0
However, the foreign currency deficit reached 6.4 billion U.S. dollars due to the decline in oil revenues. The deficit was covered by returns from the Central Bank’s investments in its bond and gold portfolios.
Oil revenues deposited at the Central Bank totaled 19.3 billion dollars, while foreign currency sales amounted to 26 billion dollars.
By the end of October, total foreign assets stood at 98.8 billion dollars, compared to 95.5 billion at the end of 2024.
Revenue from the fee imposed on foreign currency sales reached 19.5 billion dinars, while the balance of payments recorded a surplus of 1.7 billion dollars.
Spending abroad included:
- Salaries of employees abroad: 287.6 million dollars
- Students studying abroad: 120.2 million dollars
- Medical treatment abroad: 87 million dollars
- National Oil Corporation: 440.9 million dollars
- Fuel imports: 2.6 billion dollars
- Medical supply authority: 247.7 million dollars
- Electricity sector: 592.6 million dollars
- Housing projects: 241 million dollars
- Transfers and credits to other entities: 931 million dollars
Bringing total expenditures through the Central Bank to 5.6 billion dollars, through commercial banks to 20.4 billion dollars, and total foreign currency uses to 26.1 billion dollars.
Additionally, 90.6 billion dinars in cash were distributed across branches of commercial banks throughout all Libyan cities during the first ten months of 2025.
The combined spending of the four councils — the House of Representatives, the State Council, the Government of National Unity (Cabinet of Ministers), and the Presidential Council — reached 3.9 billion dinars during the same period.
The statement also highlighted spending by key ministries, including:
- Finance: 22.6 billion dinars
- Oil and Gas: 22.2 billion dinars
- Interior: 5.5 billion dinars
- Defense: 3.5 billion dinars
- Social Affairs: 13.9 billion dinars.
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