TRIPOLI, Dec. 31 (Xinhua) -- Libya's public debt stood at nearly 50 billion U.S. dollars in 2024, according to the annual report of the Libyan Audit Bureau, excerpts of which were published on Wednesday by the state-run Libyan News Agency.
Total debt reached 270 billion Libyan dinars (around 49.8 billion dollars), including 84 billion dinars owed by the Tripoli-based Government of National Unity (GNU) and 186 billion dinars owed by the eastern-based administration appointed by the House of Representatives, the report said.
The Audit Bureau said debt levels have remained largely unchanged since 2020.
The debt figure nearly matches Libya's economic output, with World Bank data putting the country's 2024 gross domestic product at 46.6 billion dollars.
Libya has faced prolonged political instability since the 2011 NATO-backed uprising that ousted Muammar Gaddafi and remains divided between the GNU, led by Abdul Hamid Dbeibah in the west, and an eastern government headed by Osama Hammad and backed by the House of Representatives. ■