Libya : Selected Issues

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

May 31, 2013

Electronic Access:

Free Full text (PDF file size is 744 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The cost of energy subsidies is large, and reduces the fiscal space available for public expenditure priorities, including education, health, and infrastructure. Libya’s ample hydrocarbon wealth will allow it to reform subsidies while protecting the poor. A gradual phasing out of subsidies would allow adjustment in consumption and minimize the inflationary impact, thereby allowing the social assistance system to be strengthened. After a transfer mechanism is in place to facilitate fuel and electricity subsidy reform, food subsidy reform should be undertaken.

Series:

Country Report No. 13/151

Subject:

English

Publication Date:

May 31, 2013

ISBN/ISSN:

9781484387399/1934-7685

Stock No:

1LBYEA2013003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

14

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