سياسة تمويل عجز الموازنة العامة للدولة الليبية

Abstract EN

This study aimed to explain the reasons for the deficit of public financial budgets, and the deliberate intention of the government to establish development projects, which is called deficit financing, either due to a decrease in revenues, or to an increase in uncontrolled public expenditures, and what are the traditional methods and tools of financing and repayment, and what are the methods and tools of financing and repayment Compliant with the provisions of Islamic Sharia, especially in Libya, after the issuance of Law No.

1 of 2013 AD regarding the prevention of usurious transactions.Therefore, through this study, the researcher seeks to clarify the concept of the general budget deficit, and what are the policies related to it, and suggesting of funding sources that do not contradict the provisions of the above-mentioned law as well as the provisions of Islamic Sharia, according to the main question of this study, which is: What are the policies for financing a budget deficit Libyan state? ;For reaching out The desired results of this study, the researcher followed the deductive inductive approach by studying the references of the study.

It is concluded that the Libyan state budget deficit results from the concentration of sources of the Libyan state budget revenue in one source, which is oil revenue and its decline, as well as the exacerbation of public expenditures as a result of the security and political conditions.

The traditional methods of financing the budget deficit are represented in the issuance of bonds and treasury bills, which cannot be used due to the issuance of Law No.

1 of 2013 AD regarding the prevention of dealing with usurious interests, and the proposed alternatives are the issuance of all kinds Islamic Sukuk, activating the work of BOT contracts, diversifying sources of revenue, rationalizing public spending, combating corruption, activating the stock market, and issuing and activating relevant laws.