Libya’s 2013 Budget Heading To Surplus
The freshly-released details of Libya’s 2013 budget shed some light on how the North African state in transition will spend its money in the year ahead. Whilst the country saw a rapid rebound in oil production after 2011’s revolution, it has more recently appeared to be sliding into political turmoil and growing mob rule.
Budget Law 7 of 2013, signed on 20 March, estimates total net oil revenue at LD58.4bn...