صحافة بلادي صحيفة إلكترونية مغاربية متجددة على مدار الساعة تعنى بشؤون المغرب الجزائر ليبيا موريتانيا تونس
Tripoli – My Press
Prime Minister Abdul Hamid Al-Dabaiba, head of the Government of National Unity, sent an official letter to the Central Bank of Libya in which he called for stopping disbursement from Part Three of financing projects for the year 2026, to all parties without exception, until full compliance with the contents of the unified development program.
Al-Dabaiba explained in his speech that any spending that exceeds the approved financial ceilings would confuse public balances and increase pressure on the economy, stressing that the current stage imposes a high degree of discipline in managing public money and directing it according to clear priorities.
Warning of worsening debt and inflation
The Prime Minister indicated that what he described as parallel spending during the past year, which was estimated at more than 70 billion dinars, contributed – in his words – to the rise in public debt and the acceleration of inflation rates, in addition to the decline in the value of the dinar against foreign currencies, which was reflected in the purchasing power of citizens.
He added that the expansion of exchange rates outside the unified frameworks generated an additional demand for foreign exchange, which led to the activation of the parallel market and increased pressure on the exchange rate, which places financial and monetary stability facing increasing challenges.
Responsibility for setting the spending ceiling
Al-Dabaiba stressed that determining the possible exchange ceiling within Chapter Three falls within the jurisdiction of the Central Bank, according to the actual capabilities of the national economy, in a way that maintains balances and limits any future imbalances.
He stressed that development is a right guaranteed to all Libyans in various regions, but the implementation of projects remains conditional on respecting financial controls and linking them to clear feasibility studies and a measurable economic return, within the framework of financial governance based on sustainability and rationalization of resources.
According to observers, this trend reflects a government effort to reset the rhythm of public spending during the year 2026, and to enhance coordination between fiscal policy and monetary policy, in light of an ongoing internal debate on mechanisms for unifying public spending and ensuring a balanced distribution of development projects among the various regions.
These developments come in the context of an ongoing debate regarding spending channels outside unified programs, and their impact on debt, inflation, and exchange rate indicators, amid calls to establish stricter financial rules to ensure sustainable economic stability.
Source:“My press”
