Tripoli –AnnounceCentral Bank of LibyaToday, Saturday, April 11, 2026, it announced the adoption of the first unified budget for the state in more than 13 years, after the approval of both the House of Representatives and the Supreme Council of State, in a step that is expected to contribute to ending the state of financial division that the country has known for years.
According to an official statement by the bank, this consensus would support the stability of the exchange rate and enhance the value of the Libyan dinar, by controlling public expenditures and reducing the financial imbalances that resulted from the multiplicity of decision-making centers during the last stage.
The same source explained that the signing of Appendix No. (1) of the Unified Development Agreement, which includes the adoption of public spending schedules, constitutes tangible progress towards unifying financial policy and enhancing governance in the management of public resources.
This new framework depends, according to official data, on the state’s real financial capabilities, aiming to achieve financial sustainability and ensure a balanced distribution of resources between the various regions of the country.
This development comes in the context of a political division that has lasted for years between the institutions of the East and the West, which has been reflected in the management of public finances through the adoption of parallel budgets and different spending priorities.
He is betting on this consensus to improve the efficiency of public money management, reduce financial duplication, and strengthen the confidence of international institutions in the Libyan economy.
This also coincides with the recent announcement by the Libyan authorities of recording new oil and gas discoveries, an indication of the country’s efforts to enhance its production capabilities and consolidate its position inEnergy marketRegionally and internationally.
Source:“My press”
صحافة بلادي صحيفة إلكترونية مغاربية متجددة على مدار الساعة تعنى بشؤون المغرب الجزائر ليبيا موريتانيا تونس