The Libyan Prime Minister-designate by the House of Representatives, Fathi Bashagha, said today, Sunday, in a television statement, that Libya’s only resource is oil, which is distributed to the east and southwest, while the rest of the resources, such as taxes and customs, have achieved only 4 billion in revenues, which is a matter of the utmost scandal, pointing to the government will adopt a diversification strategy.

In his statements, Bashagha mentioned that “the state’s general budget for 2022 was approved by law from the House of Representatives, and we also presented it to the State Council.”

The head of the Libyan government added: “I do not think that the Central Bank of Libya can refuse the budget, because it is the board of directors who decides according to the laws. It is not right that the governor rejects or accepts something by himself. It is necessary for the entire board of directors to meet to arrange the spending of this budget, otherwise, they become illegitimate.”

Bashagha also stressed that “there are international complaints about the legitimacy and transparency of the Central Bank, pointing out that if the Central Bank refuses to deal with this budget, it exposes itself to sanctions and international banks will refuse to deal with it, so I do not think that it will refuse.”