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2012-03-01

Libya approves 2012 budget

Libya's interim government on Wednesday (February 29th) proposed a 2012 budget of 68.5 billion Libyan dinars (40.9 billion euros), AFP reported.

Libya's gross domestic product fell by about 60% last year, but International Monetary Fund (IMF) projections say it could rebound with a near 70% expansion this year.

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