صحافة بلادي صحيفة إلكترونية مغاربية متجددة على مدار الساعة تعنى بشؤون المغرب الجزائر ليبيا موريتانيا تونس
As part of efforts to reduce public spending, the head of the Libyan National Unity Government, Abdul Hamid Dabaiba, decided to reduce Libya’s diplomatic presence abroad by canceling 25 diplomatic missions. The decision also included suspending scholarships to study abroad, which is part of a set of measures aimed at reducing public expenditures, which have become a major focus of economic and political discussions within the country.
This decision, which was issued last week, comes as part of a plan to merge a number of diplomatic missions into other embassies and consulates, in addition to forming a committee to study reducing the number of employees working in these missions and addressing their conditions. The missions that have been merged mainly include embassies located on the African continent and some countries in South America and Asia.
On the other hand, the decision to suspend scholarships to study abroad came into effect as of last April 28. It was also decided not to extend the period for students currently on delegation, but to transfer the financial allocations allocated for this delegation to the National Electronic Library project instead.
In a related context, Youssef Al-Aqouri, Chairman of the Foreign Affairs Committee of the Libyan House of Representatives, criticized the foreign sector’s expenditures, describing them as “enormous.” Al-Aqouri called for the necessity of reconsidering the consulates that were established in recent years, while recommending the closure of some of them in light of the current economic crisis and the country’s need to reduce public spending.
It should be noted that the Central Bank of Libya had previously warned of the economic repercussions resulting from the expansion of public spending over the past years, as it pointed to the risk of an increase in public debt and the deterioration of the Libyan dinar’s exchange rate against foreign currencies. The bank also expected that the public debt would exceed 330 billion dinars by the end of 2025, which poses a serious threat to economic sustainability.
On the same day, the Central Bank announced a new reduction in the Libyan dinar exchange rate by 13.3%, reaching 5.5677 dinars against the US dollar, in a move aimed at addressing economic imbalances.
Source:My press
