Libya : Selected Issues

 
 
Publication Date: May 31, 2013
 
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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(s): Energy prices | Oil prices | Subsidies | Energy sector | Fiscal reforms | Selected issues | Libya

 
English
Publication Date: May 31, 2013
ISBN/ISSN: 9781484387399/1934-7685 Format: Paper
Stock No: 1LBYEA2013003 Pages: 14
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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