Libya Business News
Monday, March 27, 2023
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
No Result
View All Result
Libya Business News
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
Libya Business News
No Result
View All Result
Home Banking & Finance

Libya govt proposes $55 bn 2012 budget

29th February 2012
in Banking & Finance, Politics
Libya govt proposes $55 bn 2012 budget
Share on FacebookShare on Twitter

Libya's interim government has proposed a 2012 budget of $55 billion as the country undertakes reconstruction efforts and gears up for its first elections since Moamer Kadhafi was toppled last year.

"The estimated total budget for this year is 68.5 billion Libyan dinars ($55 billion/40.9 billion euros)," the prime minister's office said after it was agreed in a ministerial meeting on Wednesday.

"The council adopted (the budget) and transferred it to the National Transitional Council for approval," the statement said.

The North African nation's gross domestic product fell by about 60 percent last year, but International Monetary Fund (IMF) projections say it could rebound with a near 70 percent expansion this year and 20 percent in 2013.

Libyans are to elect a constituent assembly in June.

(Source: AFP)

Tags: BudgetNTC

Latest News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021
Latest Oil Tenders

Latest Oil Tenders

16th March 2021

Recent News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021

Categories

  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos

Menu

  • Home
  • About Us
  • Contact

Join our mailing list!

Sign-up to receive email updates on the latest news and developments.





© 2021 Libya Business News - Your Libyan business news partner

No Result
View All Result
  • Security
  • Oil & Gas
  • Banking & Finance
  • Politics
  • Industry & Trade
  • Construction & Engineering
  • Investment
  • Tenders
  • Transportation
  • Videos
  • Contact Us

© 2021 Libya Business News - Your Libyan business news partner

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I Agree”, you consent to the use of ALL the cookies.