US EditionLibya signs first unified state budget in more than a decade
The deal signals more formal cooperation as Libya seeks to restore financial stability after years of division.
- On Saturday, the House of Representatives and the Tripoli-based High Council of State endorsed a unified national budget, marking the first consolidated state spending plan since 2013.
- The deal reconciles two institutions that have competed for authority since the 2014 civil war, replacing informal arrangements that previously governed the State's finances.
- Central Bank Governor Naji Issa confirmed the endorsement during a signing ceremony in Tripoli, hosted by the Government of National Unity under Prime Minister Abdul Hamid Dbeibah.
21 Articles
21 Articles
The New Arab
The Peninsula QatarLibya approves first unified state budget in 13 years
Libya's rival eastern and western legislative bodies have signed a US-mediated agreement to unify public spending across the divided country for the first time in over a decade, the central bank said Saturday. The north African country has struggled to recover from the chaos that erupted following the 2011 Arab Spring uprising that toppled longtime ruler Muammar Gaddafi. It remains divided between a UN-recognised government led by Prime Minister…
The parliaments of the two civil war parties in Libya have agreed on the first common state budget for over a decade.
Libya approves its first unified state budget in 13 years
Libya's rival eastern and western legislative bodies have signed a US-mediated agreement to unify public spending across the divided country for the first time in over a decade, the central bank said Saturday.The North African country has struggled to recover from the chaos that erupted following the 2011 Arab Spring uprising that toppled longtime ruler...
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