VOL. XXXVII
NO. 18
31-JANUARY-1994
Financial and Banking News
Budget & Revenues
Libya Announces Spending Cuts
The Libyan Government is to reduce expenditure by several billion dollarsduring 1994, according to Prime Minister 'Abd al-'Aziz 'Umar Durdah. Speaking toreporters on 23 January after the General People's Congress had adopted thedraft budget, Mr. Durdah added that, "As a result of the unjust UNsanctions we have been forced to cut our expenses in several domains likeeducation and health"....
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