Al-Sharif calls for a review of fuel imports within a month
LIBYA – Economics professor Ali Al-Sharif has said that bringing the true cost of fuel imports under control could produce a surplus in the general budget that could be allocated to improving salaries and citizens’ incomes, calling for an independent committee to review Libya’s actual fuel needs within no more than 30 days.
Division and multiple government spending
In exclusive remarks to Libya Al-Hadath TV, Al-Sharif said the economic crisis had been escalating since 2014, arguing that the division affecting state institutions had worsened it, with several governments spending, in his assessment, without clear ceilings because there is no agreed budget, except for the salaries item, whose problems have recently come to the fore.
An independent committee and a comparison of three years of imports
He proposed a committee of five to seven members, working for no more than 30 days, to determine Libya’s real fuel needs.
He called for import volumes in 2017, 2020 and 2025 to be compared to establish whether there had been abnormal increases, arguing that correcting the cost would free up money that could be directed to wages and to improving living standards.
