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- Libya expects $8 bln deficit in 2014 after oil shutout
By Ulf Laessing and Feras Bosalum TRIPOLI (Reuters) - Libya plans deep austerity measures to tackle a budget deficit expected to reach up to 10 billion Libyan dinars ($8 billion) this year due to rebel blockades which have strangled oil production, a senior lawmaker told Reuters. Mohammed Ali Abdallah, who heads parliament's budget committee, said this year's deficit could be covered by budget ...
April 23, 2014 - Reuters via Yahoo! News