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Financial arrangements should have been made under Libya’s financial law

In a statement to Tabadul, the legal expert Taha Baara said that the amendment of the financial arrangements project, that is the state’s general budget, should have been made through the Cabinet’s Economic Finance Committee.

He also considered that the adoption of financial arrangements should have been made in accordance with the financial law of the State and therefore adopted by the Parliament via the vote of its members.

Baara described the position of the Central Bank of Libya, the Audit Bureau and the oversight bodies towards financial arrangements as merely consultative opinions that are not binding on the Government.

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