قطاعة خضروات كهربائية
وفر 16%! اشترِ قطاعة خضروات كهربائية بسعر 219 د.ل فقط في ليبيا. متوفر حالياً، ال
🛒 تسوق الآنAudit Report Shakes Dbeibah Government: 270 Billion Dinars in Public Debt
Audit Report Shakes Dbeibah Government: 270 Billion Dinars in Public Debt and Systemic Corruption
Libya's Administrative Oversight Authority has released a devastating audit report exposing massive financial mismanagement under the Government of National Unity led by Prime Minister Abdul Hamid Dbeibah. The report reveals that public debt has reached 270 billion dinars, with projections exceeding 303 billion dinars by the end of 2025, while oil revenues hit 22 billion dollars — proving that the crisis stems from mismanagement, not resource scarcity.
Main Facts and Key Details
The audit report lays bare staggering figures that paint a picture of systemic institutional failure. Total public debt stands at 270 billion dinars, split between 84 billion dinars owed to the Central Bank of Tripoli and 186 billion dinars to the Central Bank of Benghazi. Oil revenues for 2025 reached approximately 22 billion dollars, yet the National Oil Corporation received exceptional budgets exceeding 56 billion dinars for production increases without meeting its targets, accumulating debts of over 31 billion dinars across 2024 and 2025.
The foreign exchange deficit has persisted for four out of the past five years, surpassing 20 billion dollars cumulatively, with the 2025 dollar deficit alone reaching 9.070 billion dollars. This forced the Dbeibah government to impose a tax on dollar purchases, raising the exchange rate from 4.85 to 6.10 dinars — a move the report describes as unjustified in its continuation. Public spending surged by more than 85 billion dinars, reaching approximately 137 billion dinars in 2025, while the economy remained entirely dependent on oil revenues with no meaningful diversification.
Reactions and Context
The report has triggered widespread outrage among Libyan economic analysts and civil society organizations. Economic researcher Dr. Ali Al-Misrati stated that "these figures confirm what Libyans have long suspected — the problem is not a lack of resources but a black hole in the spending structure that swallows everything reaching the state treasury." The report effectively dismantles the government's recurring narrative that budget shortfalls are caused by declining oil prices.
The Presidential Council, led by Mohamed Al-Menfi, has maintained a conspicuous silence in the face of the revelations. Al-Menfi limited himself to vague social media posts about "alternative project failures" while the state's financial architecture crumbles. The Libya Center for Economic Studies noted that "the Council's absence from the oversight scene is not mere negligence — it is an implicit complicity in the continued systematic looting of public funds." International observers, including the Washington-based research organization The Sentry, have estimated that fuel smuggling networks alone cost Libya no less than 5 billion dollars annually.
Challenges and Outlook
The audit report exposes catastrophic failures in essential service sectors. The health sector consumed 26.6 billion dinars between 2022 and mid-2025, yet only 6% of the nearly 24,000 registered cancer patients actually received treatment, while counterfeit and substandard medicines have spread widely due to weak oversight. In education, 381 million dinars were spent printing 485 million textbook copies at parallel market rates, with shipments arriving without external inspection certificates — resulting in defective books with poor printing quality and fundamental content errors.
The Libyan Investment Authority reported losses exceeding 12 billion dollars between 2011 and 2024, with large sums disbursed as bonuses to fund managers and legal offices without clear investment returns. Looking ahead, the continued depletion of the Central Bank's foreign currency reserves remains the most immediate threat. Without comprehensive governance reform, transparent accountability mechanisms, and an end to the fuel subsidy system that enables mass smuggling, Libya's fiscal trajectory points toward an inevitable structural collapse — regardless of oil price fluctuations.
The question that now hangs over Libya's political landscape is no longer whether corruption exists, but whether the Libyan people and their institutions possess the will to dismantle an entire system built on the systematic plunder of national wealth.
