PC forms committee to reduce state revenues spending

The head of the Presidential Council (PC), Faiz Al-Sarraj agreed with the Minister of Finance, Osama Hammad to form a crisis committee to collect state revenues, reduce expenditure and consumption.

Al-Sarraj discussed with the Minister of Finance on Sunday the impact of the low revenues of the State; because of the repercussions of events in the oil crescent to implement the financial arrangements for the current year, and economic reforms adopted by the Presidential Council in May.

the losses of the closure of oil ports by the Haftar Forces has so far amounted to more than $ 920 million, according to the National Oil Corporation.

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