TRIPOLI, March 18 Libya has still not approved a
budget for 2014 as it finds itself in a tight financial
situation owing to the loss of oil revenue, the acting economy
minister said on Tuesday.
"We are in a very difficult situation. We all need to
understand that there is still no budget approved for 2014,"
Souhail Abu Sheikha, acting economy minister, told reporters.
He added the budget crisis had been made worse by the
government's inability to collect customs duties. Protesters and
militias have blocked the country's major oilfields and ports
since July 2013, depriving Libya of its main revenue stream.