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00:00 "During the first quarter of 2024, oil revenues exceeded $6 billion compared to the same level
00:11 in 2023 and 2022.
00:14 The impact was not as great as in the last quarter, the third quarter of 2023, because in
00:20 2023 there was a decrease in energy prices compared to what it was in the first quarter of 2024.
00:27 During the first quarter of 2023, the total revenue exceeded $10 billion, the total
00:33 government revenues were $23 billion, and the spending was about $13 billion.
00:38 The total revenue exceeded $10 billion.
00:42 During the years 2021, 2022, and 2023, there was no final deficit in the total revenue.
00:48 In 2021, the revenue exceeded about $20 billion, in 2022 it exceeded about $7 billion, and
00:54 in 2023 it was a balanced budget, with higher revenues and lower expenses.
00:59 During the first quarter, the total revenue exceeded $10 billion, which is from April 4, 2023."
01:07 "I was talking to the Minister of Oil and Gas in Libya, and he told me that you set
01:14 clear targets for increasing the oil production levels over the next three years.
01:23 Did you monitor specific investments and budgets, specifically for the oil and gas sector,
01:29 to reach the targets?"
01:31 "Without $18 billion, about $17.5 billion.
01:35 This is the specific budget to be implemented over the next three years until we reach
01:41 the production of oil to 2 million barrels, which has changed the overall budget of the
01:47 country, which is an increase in the country's taxes by 75% to 80%.
01:53 All the public finances are changing and modifying when it comes to this level of production."
01:58 "What is the size of the foreign reserves for the Central Bank of Libya?"
02:03 "The Libyan state's reserves exceed $84 billion.
02:06 The free market, which still has connections in the currency field, is $29 billion.
02:11 But the total reserves in the foreign exchange exceed $84 billion."
02:15 "In your opinion, Doctor, is it possible to resort to Libya for the International Monetary Fund
02:20 to request loans?"
02:21 "The financial situation of the country is excellent.
02:24 At the present and future times, international loans are not available in the Libyan state's
02:32 in the Libyan state's libraries.