The Central Bank of Libya said during its monthly statement of revenue and expenditure that this report comes to achieve higher rates of disclosure and transparency in response to local and international demands, and that it is continuing its efforts to develop disclosure in cooperation and coordination with the rest of the state institutions.
He stressed that this statement includes 36 sectors financed by the state’s public treasury, which are followed by approximately 834 public entities.
The report, in its latest version added to it the amounts transferred to Libyan embassies abroad, stresses that government spending is made from state revenues through exchange permissions from the Ministry of Finance and based on the agreement with the Ministry, it will disclose in detail the amounts transferred to the Financial Services Controllers starting from this month.
The Central Bank of Libya also said that it had asked the Medical Supply Authority to disclose the details of the supplied drugs and the parties benefiting from them, noting that the revenues, worth 210 million dinars, came from the services provided by the Financial Services Controllers.
Foreign exchange revenues amounted to 11.5 billion dollars, 2.5 billion of which are taxes from previous years, while total uses amounted to 11.1 billion dollars.
An amount of 24 million dollars was also allocated to grant scholarships to students abroad from Chapter Three (Development) for the first quarter of 2022.
Moreover, salaries for workers abroad amounted to 59 million dollars, treatment abroad amounted to 80 million, fuel subsidy was zero, the Oil Corporation reached to 14 million, remittances in favor of other parties amounted to 117 million, payments of existing credits to public bodies including the medical supply system that amounted to 157 million, the General Electricity amounted to 266 million, education and higher education amounted to 50 million and other destinations reached 84 million, the total state uses of documentary credits amounted to 4.087 billion, remittances amounted to 47 million, personal purposes amounted to 2.927 billion, the total uses of banks reached 7.062 billion, commitments of documentary credits reached 3.162 billion, and the total uses of foreign exchange sales amounted to 11.075 billion.
