The Central Bank of Libya today, Thursday, released detailed data on public revenue and expenditure for the period from January to May 2025, painting a financial picture of the country.
The latest figures from the bank show that total public revenues during this period reached 49.433 billion dinars. Oil revenues constituted the largest portion of this sum at 40.8 billion dinars, while oil royalties amounted to 8 billion dinars.
Conversely, the Central Bank indicated total expenditures of 43.5 billion dinars during the same period. Salaries accounted for the lion’s share of this spending, reaching 30.5 billion dinars from January to May.
The new information from the Central Bank also touched upon foreign currency utilisation, which saw a 13% decrease by the end of May compared to last April.
In terms of foreign currency, oil revenues from January to May 2025 registered approximately 9.5 billion dollars, while expenditures totalled 14.2 billion dollars. This discrepancy resulted in a deficit of 4.7 billion dollars. For the first time since November 2021, the Central Bank of Libya disclosed payments for fuel purchases, which the National Oil Corporation had previously imported under an exchange system. The bank clarified that 635 million dollars were spent on fuel imports in May alone.