The Libyan Prime Minister Fathi Bashagha said today, Tuesday, that his government has sought with all its might to work on presenting a proposal for the state’s general budget, taking into account the rationalization of spending.
Bashagha added that his government will create new jobs for young people to reduce unemployment rates and encourage them to work, produce, and create a competitive environment that will keep us away from the climate of war, conflict, strife and strife.
He indicated that we seek to achieve the highest rates of economic growth and financial stability in a way that raises the standard of living of the citizen by strengthening the purchasing power of the Libyan dinar, by adjusting the exchange rate by the Board of Directors of the Central Bank of Libya according to its jurisdiction.
Bashagha stressed that the financial and supervisory institutions affiliated with the Libyan House of Representatives must complete their legal formation in accordance with the law. For example, among the requirements for implementing the general budget is the cooperation of the Central Bank of Libya through its board of directors and headed by the Governor of the Central Bank of Libya, in order to achieve the highest levels of cooperation and integration between the executive, the financial and supervisory authorities.