Responding to public fears of a curve up by Libya’s ruling elite, the House of Representatives issued an official statement yesterday confirmed that the study on transitioning from commodity-based fuel subsidies to a cash-based subsidy system is among the reform options being considered to address economic imbalances.

The House emphasized that this approach does not imply the immediate abolition or replacement of subsidies.

Furthermore, the statement clarifies that any decision to replace or further reform the subsidy system will only be made once all necessary studies have been completed and the essential requirements and safeguards are in place—measures designed to protect citizens’ rights, ensure fair access, safeguard their standard of living, and promote the nation’s economic stability.

Lack of trust in the state
on the other hand, the Libyan public is fearful that they will pay the price for the mismanagement of Libya’s economy by Libya’s ruling elite since the 2011 revolution

They fear is that the state will fail to deliver the promised cash-based subsidies, citing bureaucratic and technical impediments etc, as is the usual case when it fails to deliver public goods such as late salary payments, non-availability of medicines, quality health and education, cash at banks, petrol and diesel, and cash it banks.

All this while the ruling elite continue to corruptly eviscerate the state and line their pockets.

Prefer Libya Herald on Google