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News & Current Events Apr 11, 2026 at 4:56 PM

Libya Signs First Unified State Budget in More Than a Decade.

Posted by Marciu73


Libya Signs First Unified State Budget in More Than a Decade
english.aawsat.com
Libya Signs First Unified State Budget in More Than a Decade
Libya's two rival legislative bodies have approved the country's first unified state budget in more than a decade, its central bank said in a statement on Saturday. The oil-producing North African country has been divided since a 2014 civil war that spawned two administrations in the west and east. Its last unified national budget was agreed in 2013. Abduljalel Shawesh, a representative of the High State Council in Tripoli, told Reuters by phone that the two rival legislative chambers had agreed on 190 billion Libyan dinars for the budget ($29.95 billion).

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Marciu73 2 days ago +18
Libya's two rival legislative bodies have approved the country's first unified state budget in more than a decade, its central bank said in a statement on Saturday. The oil-producing North African country has been divided since a 2014 civil war that spawned two administrations in the west and east. Its last unified national budget was agreed in 2013. Abduljalel Shawesh, a representative of the High State Council in Tripoli, told Reuters by phone that the two rival legislative chambers had agreed on 190 billion Libyan dinars for the budget ($29.95 billion). This is a massive win for stability in North Africa. It signals that the country is finally moving past years of institutional fragmentation, paving the way for massive infrastructure projects and a more reliable economy for millions of people.
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hornswoggled111 1 day ago +2
Nice to see some resolution to their divide. I expect oil prices inspired them in some way. ÍHe also said there was an agreement to allocate 12 billion dinars to state oil firm National Oil Corporation. Libya's economy relies on oil for more than 95% of its economic output.
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AccordingInsect3481 1 day ago
President Pedofiles is readying tarrifs to stop this nonsense.
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