European Parliament Library

Libya :, Selected Issues

Abstract
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
Table Of Contents
Cover; CONTENTS; NOTE ON SUBSIDY REFORM IN LIBYA; FIGURES; 1. Budget Items 2012; TABLES; 1. Subsidies in the 2012 Budget; BOXES; 1. Efficiency Loss from Subsidies; A. Implications of Fuel Subsidies; 2. Share of Energy Subsidies Benefiting the Bottom 40 Percent of the Population; 2. The Impact of Subsidies on Consumption; B. Subsidies in Libya; 3. Gasoline and Crude Oil Prices, 1996-2011; 4. Price of Gasoline, end-2010; 2. Price of Gasoline, 2010; 5. Electricity Tariffs and Costs, 2010; 6. Electricity Subsidies and Consumption, 2010; 7. Fossil Fuel Subsidies, 2010; C. A Reform Strategy
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (15 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484340486

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