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Libyan Audit Bureau: “The National Unity Government has not approved exceptional financial arrangements in accordance with the political agreement”

The Audit Bureau revealed that the National Unity Government did not issue a decision on exceptional financial arrangements in accordance with the political agreement, and the general budget was not approved by the House of Representatives on the draft submitted by the government due to the application of a new exchange rate for the Libyan dinar comparing to foreign currencies according to the decision of the Central Bank of Libya regarding determining the exchange rate of the Libyan dinar comparing to other currencies, which resulted in a devaluation of nearly a third.

The Audit Bureau added in its report that the Governments of National Accord and of National Unity issued a number of temporary decisions regarding the adoption of the government spending proposal and the distribution of financial allocations to public administrative units to finance these expenditures with a total of 86 billion dinars and without matching it with the prescribed resources.

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