Financial and Banking News
BUDGETS AND REVENUES
Libya's 1986 State Budget Decreased by 12%
At its annual general meeting held in Sebha on 25 Feburary-2 March, theLibyan General People's Congress (GPC) approved development and administrativebudgets for 1987 totalling LD2,694mn ($8.66bn), down 12.08% from LD3,064mn($10.35bn) in 1986. At the same time, the foreign trade budget (used forallocating foreign currency to priority sectors but does not form part of the...