When economic corruption exceeds its boundaries... the citizen's confidence in the Libyan state is lost

Serious signs of economic corruption in Libya with the total decay of the Libyan state, corruption beyond the Libyan ordinary people whom they suffer in the daily life and in the loss of an oil state.

Libya has become the cornerstone economically corrupted country as well as one of the most economically corrupted country among180 foreign countries.

Libya lacks the opinion polls conducted like as in different countries from time to time, but the current situation in Libya today indicates the Libyan state's decline at every moment of the gains of its national natural wealth, which works on the lack of development and economic growth Libyan years of record years.

If we look at Libya in the past few years, we see indicators that seem unsatisfactory in the development and national economic growth, but today it has increased its boundaries of despite, as the statements of the Libyan executive authorities in the multi-legislative in the Libyan state.

Economic corruption and combating it is the task of the Libyan state and not the task of the Libyan citizen after the Arab revolutions that passed the Arab countries, turning them from semi-stable countries to countries without security and stability.

The economic corruption in Libya did not ease after the revolution of the seventeenth of February, but even increased in the issues of institutional economy, which reached public expenditure in the Libyan state to the numbers of fictional uncontrollable numbers and did not allow the Libyan state to allow the program of economic reforms of the balance of the total indebtedness on the premise of billions of Libyan dinars spent during the past years. 

However, the Libyan GDP is deteriorating and can not be relied upon at the Libyan budget. The Libyan dinar is accelerating with an unprecedented rise in public prices in the rate of indebtedness to Libyan oil and gas output. It is very natural that the growth rate of GDP This means that billions of Libyan dinars are no longer in circulation with the rise of the country allowed.

The Libyan economic corruption works on the rise of internal and external public debt by the billions of foreign currency in the possession of the Central Bank of Libya of the Libyan oil and gas revenues invested in Libya's foreign reserves.

That is, the Libyan state today has crossed the red line by stopping it on the full Libyan economic collapse and the axe has fallen on the head by the end of next year so that Libya can work on the realistic approach to the economic reforms set by the World Bank.

By Professor Ramzi Mavrakis