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Libyan Audit Bureau: “The Council of Ministers bought cars from the Development Account in violation of the law, with a value exceeding 51 million dinars”

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The Audit Bureau revealed that the Council of Ministers of the National Unity Government bought 220 cars from the Development Account in violation of the law, with a value of more than 51 million dinars, in addition to 25 luxury cars for the convoy of Prime Minister, Abdul Hamid Dbeibeh, with a value of more than 21 million dinars, which means about 850 thousand dinars per car.

According to the report published by the Audit Bureau, by reviewing the statements, it was found that 122 of those cars were delivered to Cabinet Office employees in the eastern and southern regions, 59 cars to former employees that were not returned, and 32 cars registered as stolen, in addition to seven cars registered as non-working.

Libyan Audit Bureau: “Libya witnessed a fundamental change in its financial situation during 2021, with resources amounting to 105 billion dinars”

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The Audit Bureau clarified that Libya witnessed during the year 2021 a fundamental change in its financial situation, achieving resources of 105 billion dinars for the first time in its history, and the government recorded in 2021 a surplus of 19 billion dinars, which is the highest number recorded since 2012.

The Audit Bureau added that it had noticed an increase in the value of the sums disbursed as a residence fee for a number of government figures, including the cost of the stay of the Deputy Prime Minister for the southern region, Ramadan Abu Janah, in the Mahari Hotel during the months of March and June of last year, more than 337 thousand dinars, equivalent to the cost of about 105 thousand dinars. for one month.

Al-Mashai discusses with the representative of the Turkish GAMA Holding the evaluation and resumption of work on the Gulf Steam Station project

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Today, Tuesday, the Chairman of the Board of Directors of the General Electricity Company, Mohamed Al-Mashai, discussed with the representative of the Turkish GAMA Holding the evaluation and resumption of work on the Gulf Steam Station project in the city of Sirte, one of the important and strategic projects with a production capacity of 1400 megawatts, and how to prepare timetables for completing installation work and conducting operational tests for the production units at the station.

The media office of the General Electricity Company added that this meeting was attended by members of the Board of Directors, Omar Al-Qayed and  Adel Hussein and a number of directors of the company’s relevant departments.

Libyan Audit Bureau: “The Central Bank of Libya did not supply revenues to the public treasury”

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The Audit Bureau revealed that the Central Bank of Libya did not supply revenues to the public treasury, dividend income in exchange for issuance fees and the bank’s dividends, while the value of sales in fuels for the year 2021 amounted to 299 million dinars, and it was not clear that any sales were collected during that period.

According to the report published by the Audit Bureau, the operating expenses from the total amounts transferred to the authorities funded by the public treasury in accordance with Resolution 429 regarding government spending and actual financing during the period from the beginning of the year 2021 to its end amounted to about 85 billion dinars.

Dbeibeh follows up the reasons for delaying the return of work at Tripoli International Airport

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The Prime Minister of the National Unity, Abdul Hamid Dbeibeh, met, in the presence of the Minister of Transportation, Mohamed Al-Shahoubi, the Interior Minister, Badr Al-Din Al-Toumi, the Chief of the General Staff, Lieutenant-General Mohamed Al-Haddad, the Head of the Airports Authority, Mohamed Bait Al-Mal, and the Head of the Transportation Projects Authority, Sami Al-Abash, with the Italian contracting company, in the presence of the Italian Ambassador and a number of technical departments of the Ministries of Transportation and of Interior.

Dbeibeh also stressed, after following up on the light show prepared by the Ministry of Transportation and the report of the General Staff, the need to finish removing mines and activating the Tripoli Airport Security Directorate affiliated to the Ministry of Interior, and the need to prepare a timetable to start implementation, provided that it does not exceed the schedule prepared when contracting.

At the conclusion of the meeting, the Prime Minister instructed the Ministry of Transportation to set a clear timetable for the project, stressing that delays would not be allowed after the main obstacles were removed.

Libya needs a lot of reconstruction and here are the costs

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The Minister of State for Economic Affairs, Salama Al-Ghweil, stated that Libya and Turkey are linked to economic integration because Libya needs a lot of reconstruction in terms of services and technology, and Turkey has the experience and scientific progress in that.

Last year, Al-Ghweil estimated the cost of reconstruction projects in Libya at about 500 billion dinars, which is equivalent to 111 billion dollars.

He said: “It is important for Turkish-Libyan relations to be characterized by integration, whether in the fields of education, trade, economy, service sector, health, infrastructure, roads or energy.”

Libya also constitutes an outlet for many African countries and enjoys a strategic geographical location, while Turkish industries need markets, which makes Libyan-Turkish integration unlimited.

He said that there is great potential when it comes to promoting integration between the countries of the north and south of the Mediterranean.

Al-Ghweil added that the countries of the south have natural resources, geographical locations, consumer culture and their need for Turkish goods, and the Libyan government is seeking to benefit from Turkey’s experience.

He continued by saying that there are many things in common between Libya and Turkey, which gives the Libyan-Turkish relations special importance, as we yearn to see Libya like Turkey in terms of infrastructure, development and an effective role in the world.

Al-Ghweil stressed the need to revive the contracts signed between Libya and Turkish companies, and most of these projects are in the fields of energy, airports, hospitals, transportation and housing.

He pointed out that Libya is the country most qualified to become a transit point for the largest trade movement in the Middle East, citing Libya’s geographical location and its long coastline.

Al-Ghweil stressed that Libya did not benefit from the rise in global oil prices due to political divisions, the lack of a real will to reunite the country, and the attempts of many political parties to seek power.

He clarified that Libya needs 100 billion dollars as an initial cost for the reconstruction of its infrastructure.

Adapted from Anadolu Agency

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

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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.

Dbeibeh discusses with the notables of Tajoura municipality the implementation of housing and utility projects

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The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, discussed today, Tuesday, at the Cabinet Office, with a number of notables of the municipality of Tajoura, the agency for implementing housing and utilities projects, about the infrastructure that the municipality suffers from, of which 16 projects were launched in the first phase, in addition to activating 9 educational suspended projects, and 7 projects of the Implementation Agency Transportation Projects.

The meeting was attended by members of the Tajoura Municipal Council, a number of municipal sector managers, the ministers of Transportation and of Local Government, and heads of executive bodies.

Libyan Audit Bureau: “During 2021, Libya achieved revenues of 105 billion dinars”

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The Libyan Audit Bureau published its annual report, which indicated that the state achieved during 2021 revenues of 105 billion dinars compared to a value of expenditures of about 86 billion dinars, for the first time in the history of Libya. However, this was not the result of income growth, but rather because of the Central Bank of Libya, adjusting the exchange rate and reducing the value of the Libyan dinar against the dollar from 1.33 to 4.45 dinars per one dollar.

According to the report, the state’s oil revenues in foreign currency amounted to about 22.9 dollars that were deposited in the state’s accounts at the Central Bank of Libya, and foreign transfers amounted to 24.5 billion dollars, indicating that the demand for foreign exchange still exceeds the state’s revenues in light of the current exchange rate of 4.5961 dinars per one dollar.

France’s TotalEnergies is trying to convince the Ministry of Oil in this regard

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France’s TotalEnergies is still struggling to get the green light to sell Hess’ stake in Waha Oil Company.

Ten months after announcing its increase in its stake in Waha Oil Company by buying half of Hess’ shares in the Waha concession, the major French company is still struggling to persuade the Oil Ministry to agree on this deal, according to the site.

Adapted from Africa Intelligence