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Step Towards Unifying Financial Policy in Libya

April 11, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
AL24 | الاقتصاد

The Central Bank of Libya announced today, Saturday, that the House of Representatives and the High Council of State have approved the first unified budget for the country in more than 13 years. The central bank added in a statement that the approval of the two legislative councils for the budget could help enhance financial stability and represents an important step towards ending years of financial division. The statement said, 'The Central Bank of Libya expresses its welcome for the signing of Annex No. (1) of the unified development agreement, which includes the adoption of the general expenditure tables for the Libyan state... in a step that reflects real progress towards unifying financial policy and enhancing discipline in public expenditure management.' The statement clarified, 'This agreement represents a pivotal station as it is the first...

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