Wages in Libya .. An increase in salaries is corresponding to inflation at prices

Over the course of 15 years, the salary spending bill in Libya has escalated at an unprecedented pace. Since 2009, the wage bill jumped from 9 billion dinars (1.84 billion dollars) to 67.6 billion dinars (approximately 14 billion dollars) during the year 2024, according to the Central Bank of Libya.

In light of a rentier economy and an unproductive market, employees may be happy with these wages, but they will soon face a different reality when heading to the markets, when they discover that what they received from an increase quickly dissolves in exchange for the high prices, especially after the Minister of Finance in the Unity Government, Khaled Al -Mabrouk, expected that spending on salaries exceed the barrier of 100 billion dinars (20.8 billion dollars).

Is the expansion of spending due to a real wage increase? What is its e...
[Short citation of 8% of the original article]