Audit Bureau: Government spending rockets up, losses rise

Audit Bureau: Government spending rockets up, losses rise

May 02, 2015 - 13:04
Posted in:
Written By: AbdullahBenIbrahim

The Audit Bureau has unveiled that the government’s spending in 2013 has been unprecedented in the entire Libyan history with more than 71 billion dinars as total. 

The Audit Bureau referred in its 2014 annual report that Libya’s financial loss due to the closing of oil ports in 2013 and 2014 has hit 64 billion dinars, reopening lossesexcluded, while on the other hand, the financial deficit has amounted to 22 billion dinars in 2014.

Briefing on the Libyan Embassies abroad, the Audit Bureau criticized the exaggeration of the salaries that the embassies’ personnel is receiving, which in some cases valued more than 15000 dollars, besides the promotions and incentives that violate the laws and codes of the embassy framework, such as the housing allowance that reached 8000 dollars a month.

The Bureau also shed light on the unnecessary spending that is included in the embassies invoice, such as buying cars for personal use, fuel, health treatment, study fees, and travel tickets.