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Revenue and Expenditure statement

Revenue and Expenditure Statement, October 2024

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Revenue

All Figures in Libyan Dinar
Description Revenue
Oil revenue 67.8 Billion
Revenue from oil royalties 11.6 Billion
Tax Revenue 1.3 Billion
Customs Revenue 131 Million
Telecom revenue 125 Million
Revenue from fuel sales in local market 62 Million
Other Revenues* 859 Million
Total Revenues 81.877 Billion

* Note: The amount of other revenues represents revenues received from the Financial Services Controllers in the Libyan cities, in exchange for public services (passport and car ownership fees, fines, and other fees).

Expenditure

All Figures in Libyan Dinar
Description Expenditure
Chapter One: Salaries 48.6 Billion
Chapter Two: Goods and Services 6.6 Billion
Chapter Three: Development 325 Million
Chapter Four: Subsidies 12 Billion
Chapter Five: Emergencies 0.0
National Oil Corporation (Extraordinary financial arrangements) * 6.7 Billion
General Electricity Company (Extraordinary financial arrangements) ** 3.1 Billion
Total Expenditures 77.325 Billion

*This item is a continuation of the exceptional budget scheduled during 2023 in favor of the National Oil Corporation and covers the three chapters: the first chapter with a value of 2.9 billion LYD, the second with a value of 1.8 billion LYD, and the third with a value of 1.9 billion LYD. **This item is a continuation of the exceptional budget scheduled during the year of 2023 in favor of the General Electricity Company and covers the expenses of Chapter three.

Spending on sectors and their affiliates From 01/01/2024 to 31/10/2024

All Figures in Libyan Dinar
Sector Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Total spending
House of Representatives and its affiliates729,103,938246,679,728000 975,783,666
The High Council of State29,424,11217,499,997000 46,924,109
Presidential Council and its affiliates353,329,85494,812,503000 448,142,357
Council of Ministers and its affiliates1,130,640,4501,105,796,487761,82800 2,237,198,765
Ministry of Finance and its affiliates22,218,417,084268,486,922000 22,486,904,006
Ministry of Finance and its affiliates3,086,249,063298,022,222000 3,384,271,285
Ministry of Interior Affairs and its affiliates3,605,380,536768,733,827000 4,374,114,364
Ministry of Justice and its affiliates 1,095,951,209489,333,009000 1,585,284,218
Ministry of Foreign Affairs & International Cooperation and its affiliates1,323,238,454621,333,920324,787,47100 2,269,359,845
Ministry of Oil and Gas and its affiliates12,159,0644,500,000000 16,659,064
Ministry of Health and its affiliates2,348,476,6281,312,320,42002,247,363,9150 5,908,160,962
Ministry of Education and its affiliates232,272,188122,791,674000 355,063,862
Minister of Higher Education and Scientific Research and its affiliates1,768,912,989181,255,665000 1,950,168,654
Ministry of Technical and Vocational Education and its affiliates400,714,31620,208,336000 420,922,652
Ministry of Economy and Trade and its affiliates66,728,91533,000,009000 99,728,923
Ministry of Industry and Minerals and its affiliates24,480,70912,150,000000 36,630,709
Ministry of Transportation and its affiliates179,751,64943,987,509000 223,739,158
Ministry of Social Affairs and its affiliates7,016,043,129110,621,14504,429,600,3430 11,556,264,617
Ministry of Planning and its affiliates14,797,4558,100,000000 22,897,455
Ministry of Local Government and its affiliates1,735,360,073369,995,8300562,500,0000 2,667,855,903
Ministry of Agriculture and Livestock and its affiliates327,551,64541,906,249000 369,457,894
Ministry of Marine Resources and its affiliates124,466,0079,599,994000 134,066,001
Ministry of Labor and Rehabilitation and its affiliates24,691,66014,337,493000 39,029,153
Ministry of Housing and Construction and its affiliates60,198,04017,541,667000 77,739,707
Ministry of Tourism and Handicrafts and its affiliates224,609,7277,312,509000 231,922,236
Ministry of Culture and Knowledge Development and its 102,149,23419,907,494000 122,056,728
Ministry of Sports and its affiliates132,036,39461,311,1140288,750,0000 482,097,508
Ministry of Youth and its affiliates11,459,23634,150,0000131,250,0000 176,859,236
Ministry of Civil Service and its affiliates10,748,0865,024,994000 15,773,080
Ministry of Water Resources and its affiliates17,318,59133,361,1140505,333,3310 556,013,036
Ministry of Environment and its affiliates59,032,1494,500,000000 63,532,149
General Authority for Care of Families of Martyrs, Missing & its 10,855,22012,749,9940642,013,5420 665,618,756
General Authority of Awqaf and Islamic Affairs and its affiliates87,493,311125,632,872000 213,126,183
General Authority for Communications and Informatics and its 24,028,9084,500,000000 28,528,908
General Electricity Company and its affiliates066,888,88803,203,750,0000 3,270,638,888
National Oil Corporation (Extraordinary financial arrangements) 2,950,130,2501,837,500,0001,884,716,11300 6,672,346,363
General Electricity Company Extraordinary financial arrangements) 003,104,268,42400 3,104,268,424
Total spending 51,538,200,2738,425,853,5855,314,533,83612,010,561,131077,289,148,824