TRIPOLI, Jan. 14 (Xinhua) -- Libya had a total fiscal deficit of 4.6 billion dinars (3.4 billion U.S. dollars) in 2018, compared with 10.6 billion dinars (7.57 billion U.S. dollars) for 2017, the Central Bank of Libya said on Monday.
Its actual revenues, including oil, amounted to 35.6 billion dinars (25.4 billion U.S. dollars), which was less than its public expenditure of 40.5 billion (28.9 billion U.S. dollars) during the year.
About 66 percent of the public expenditure was public salaries.
Despite a UN-sponsored peace agreement by the political factions, Libya remains politically divided amid insecurity and unrest. The division also has affected the central bank and caused administration split between the east and the west.
Libya's foreign exchange reserves decreased since 2013 and the country suffered losses of more than 140 billion U.S. dollars due to frequent closures of oil fields and ports, as well as low international oil prices.
