Libya’s state electricity company spent more than 26.3 billion dinars between 2022 and 2025, underscoring how the country’s power sector remains a major drain on public finances as outages and subsidy pressures persist.
Libya Electricity Company Spent 26.3 Billion Dinars
According to data from the Central Bank of Libya, the General Electricity Company of Libya spent 2.9 billion dinars in 2022, 4.5 billion in 2023 and about 4.3 billion dinars in both 2024 and 2025, while an additional 10.3 billion dinars in special budgets was allocated in 2023 and 2024. The spending comes as the state continues to shoulder the cost of keeping electricity available in a system strained by underinvestment, fuel constraints and repeated service disruptions.
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The scale of the outlay matters because electricity in Libya is not just a utility issue but a fiscal one. Large and recurring transfers to the sector limit room for spending elsewhere and can widen pressure on the state budget, especially when oil revenue remains the main funding source for public finances.
For investors and creditors watching Libya, the numbers point to a familiar risk: a politically sensitive subsidy burden that can outpace reform. Heavy electricity spending can support short-term stability by limiting blackouts and public anger, but it also signals structural dependence on government support and continued vulnerability to shocks in the energy and fiscal system.
The data also highlights how little the spending pattern has improved despite the jump in extraordinary funding. Unless Libya can reduce losses, improve collections and raise reliability, electricity costs are likely to remain one of the most persistent claims on state resources.
| Entity | Gains | Losses |
|---|---|---|
| Households and businesses | ▲Short-term power support | ▼Higher fiscal burden |
| General Electricity Company of Libya | ▲Larger funding access | ▼Reform pressure |
| Libyan government budget | ▲Social stability | ▼Spending flexibility |
| Oil revenue / state finances | ▲Keeps grid funded | ▼Lower room for other spending |
