Libya saw its first budget surplus in nine years for 2021 amid higher oil prices and relative stability.
Libya’s central government revenues rose to LD105.7bn ($23.5bn) last year, according to the latest Central Bank of Libya statistics. This is not only a record in dinar terms but a whopping fourteen-fold increase on 2020’s LD7.6bn. The country also posted a LD19.9bn fiscal surplus – its first (by one measure) since 2012 (see table). (CONTINUED - 661 WORDS)