March 3, 2020 / 9:33 AM / a month ago

Libyan finance minister says 2020 spending cut over oil blockade

TUNIS, March 3 (Reuters) - Libya’s Finance Minister Faraj Bumatari said on Tuesday the Tripoli-based government has reduced its 2020 spending plan to 40 billion dinars ($28.5 billion) because of the blockade of oil ports.

He added in a news conference broadcast live on television that the spending cuts were not in “sensitive areas such as health and education”. ($1 = 1.4009 Libyan dinars) (Reporting By Angus McDowall; Editing by Alex Richardson)

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