The Central Bank of Libya has released its report on the country's revenue and expenditure for the first nine months of 2026, revealing a total revenue of 114.58 billion dinar and total expenditure of 88.63 billion dinar. The report provides a detailed breakdown of the country's income and spending, offering insights into Libya's economic situation. According to the central bank, the revenue includes 94.2 billion dinar from oil sales, 17.4 billion dinar from oil royalties, 2 billion dinar from taxes, and 263.2 million dinar from customs.
The central bank's report highlights that the majority of Libya's revenue comes from oil sales, which account for approximately 82% of the country's total income. The report also shows that the country's expenditure is largely allocated towards salaries, with 60.6 billion dinar spent on employee salaries, 12.1 billion dinar on operational expenses, 14.3 billion dinar on subsidies, and 1.6 billion dinar on development projects. This breakdown suggests that the Libyan government is prioritizing public sector salaries and operational costs.
In terms of foreign currency, the central bank's report reveals that Libyan commercial banks have used a total of 19.3 billion dollars, with 10.1 billion dollars allocated for documentary credits, 6.5 billion dollars for personal purposes, and 2.6 billion dollars for remittances. Additionally, the report shows that the country's foreign currency reserves have decreased to approximately 95 billion dollars as of September 2026, down from 99.4 billion dollars at the end of 2025.
The central bank's report also highlights a significant gap between Libya's foreign currency earnings and expenditures. According to the report, the country's oil revenue and royalties totaled 17.6 billion dollars, while foreign currency usage amounted to 22.3 billion dollars, resulting in a deficit of 4.7 billion dollars. This deficit was covered by returns on the central bank's investments.
The report provides a detailed breakdown of government expenditure by ministry, with the Ministry of Finance topping the list at 22.74 billion dinar, followed by the Ministry of Social Affairs at 15.28 billion dinar, and the Ministry of Defense at 8.53 billion dinar. Other ministries, including the Ministry of Oil and Gas, Ministry of Interior, and Ministry of Health, also feature prominently in the list.
The Central Bank of Libya's report is part of its efforts to promote transparency and accountability in the country's financial sector. By publishing regular reports on the country's revenue and expenditure, the central bank aims to provide stakeholders with a clear understanding of Libya's economic situation and inform policy decisions.
The release of the central bank's report comes at a critical time for Libya, as the country seeks to rebuild its economy and stabilize its financial sector. The report's findings are likely to be closely watched by policymakers, economists, and other stakeholders, who will be keen to assess the country's progress and identify areas for improvement.
Key points
- - Libya's central bank reports 114.58 billion dinar in revenue and 88.63 billion dinar in expenditure for the first nine months of 2026. - The country's foreign currency reserves have decreased to approximately 95 billion dollars as of September 2026. - The central bank's report highlights a significant gap between Libya's foreign currency earnings and expenditures, with a deficit of 4.7 billion dollars.
