{"id":253254,"date":"2025-03-08T21:09:27","date_gmt":"2025-03-08T19:09:27","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=253254"},"modified":"2025-03-10T21:11:38","modified_gmt":"2025-03-10T19:11:38","slug":"exclusive-al-shahoumi-to-sada-the-economic-situation-is-alarming-and-heres-why","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/exclusive-al-shahoumi-to-sada-the-economic-situation-is-alarming-and-heres-why\/","title":{"rendered":"Exclusive: Al-Shahoumi to Sada \u2013 The Economic Situation is Alarming, and Here\u2019s Why"},"content":{"rendered":"\n<p>Economic expert Suleiman Al-Shahoumi commented exclusively to our source on the latest Central Bank report, stating: <em>&#8220;Every time the Central Bank releases a report, it reminds us of the difficult economic situation and the confusion in Libya\u2019s economic policies.&#8221;<\/em><\/p>\n\n\n\n<p>Al-Shahoumi continued: <em>&#8220;There is an unusual level of contradiction and instability between monetary and fiscal policies. The reality is bleak, and deficits have become a defining characteristic of Libya\u2019s economy, whether in foreign currency expenditures or government spending.&#8221;<\/em><\/p>\n\n\n\n<p>He added: <em>&#8220;Libya\u2019s economy is driven by two forces\u2014the Central Bank\u2019s money creation and the government\u2019s spending. These forces have created a dangerously unstable situation, leading to an escalating public debt crisis. The government\u2019s unchecked spending, combined with monetary expansion, is fueling this financial instability without a proper understanding of Libya\u2019s economic realities and needs.&#8221;<\/em><\/p>\n\n\n\n<p>Al-Shahoumi emphasized: <em>&#8220;With multiple governments and entities managing the economy, confusion is inevitable due to conflicting interests, priorities, and responsibilities. If this situation persists, its consequences will be disastrous. A unified and comprehensive economic policy is essential to realign the country\u2019s financial direction, particularly in monetary policy.&#8221;<\/em><\/p>\n\n\n\n<p>He concluded: <em>&#8220;What\u2019s happening now reflects a deep-rooted flaw that appears beyond control, as long as each authority operates independently without coordination, a structured fiscal framework, or a clear monetary strategy from the Central Bank. This recklessness and lack of oversight could have severe repercussions.&#8221;<\/em><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic expert Suleiman Al-Shahoumi commented exclusively to our source on the latest Central Bank report, stating: &#8220;Every time the Central Bank releases a report, it reminds us of the difficult economic situation and the confusion in Libya\u2019s economic policies.&#8221; Al-Shahoumi continued: &#8220;There is an unusual level of contradiction and instability between monetary and fiscal policies. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":253255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[628,613],"class_list":["post-253254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-central-bank","tag-libya"],"acf":[],"_links":{"self":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/253254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/comments?post=253254"}],"version-history":[{"count":1,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/253254\/revisions"}],"predecessor-version":[{"id":253256,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/253254\/revisions\/253256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media\/253255"}],"wp:attachment":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media?parent=253254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/categories?post=253254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/tags?post=253254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}