Sat. Oct 5th, 2024

The head of Libya’s Government of National Unity, Abdelhamid Dabaiba, accused the governor of the Central Bank of Libya, Sadiq al-Kabir, of lying after the latter’s statements about government expenditures.

Dabaiba said in response to Kabir: “The government’s expenditures from the revenues allocated for 3 years amounted to $ 15 billion, including the construction and maintenance of roads and schools, the maintenance and preparation of hospitals, well projects to provide and deliver water to some areas that suffered years without it, as well as the establishment and maintenance of administrative centers and other resumption of work for stalled projects.”

“They lied to you and say that we spent 400 billion, and the Ministry of Finance will organize a seminar to clarify the truth,” Dabaiba said.

Dabaiba expressed his government’s readiness to cooperate with the Central Bank of Libya to stop the bleeding of money smuggling, pointing out that rumors about the bankruptcy of the country are just false fabrications, aimed at maintaining the status quo and fighting development and reconstruction projects.

Dabaiba stressed that the Central Bank has shed more than $ 55 billion in favor of commercial banks, during the past three years, with 74% of the hard currency that entered the bank, and that those who want to know where the money went should check the credits.

Dabaiba explained that this is something that the government has nothing to do with and these amounts are the responsibility of the Central Bank, and that his government wants to cooperate with the bank to find out this defect.

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