Libyan budget deficit to double as strife hits oil output: lawmaker

By Ulf Laessing TOBRUK Libya (Reuters) - Libya's budget deficit could more than double to 19 billion Libyan dinars ($15 billion) this year, as political and civil chaos ravage the OPEC member's oil revenues, a senior lawmaker said on Wednesday. Libya usually enjoys large budget surpluses thanks to oil export revenue but last year it ran an 8 billion-dinar deficit as a wave of protests cut into crude output. That civil strife has since spiraled into fighting that is close to civil war. ... Read More http://ift.tt/1xfi37B