Libya’s Central Bank discusses salary tax and fuel subsidy

Libya’s Central Bank discusses salary tax and fuel subsidy
Source: Wikipedia

The Central Bank of Libya (CBL) is in discussions with the House of Representatives’ finance committee, over efforts to boost a stalled economic reform agenda, sources at the CBL have told Arabic media outlet Al-Araby Al-Jadeed.The plans include a new tax on high public-sector salaries, partially or fully lifting fuel subsidies, and implementing sweeping austerity measures. These could include reducing Libya’s diplomatic missions abroad and suspending ongoing development projects to curb public spending, the media outlet reported.

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to MAGHREB INSIDER.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.