Libya’s Presidential Council for the Government of National Accord announced the allocation of two billion dinars to cover municipal expenditures (salaries, running and operating expenses) for 2020.
According to Article 1 of Resolution No. 537, the Ministry of Local Government and the General Secretariat of the High Council for Local Administration will determine the terms of disbursement.
Article 2 stipulates that expenditures should be covered by one billion dinars from the proceeds of the fee imposed on foreign exchange sales and one billion dinars of the targeted domestic revenues.
The amount allocated from the proceeds of the fee imposed on foreign exchange sales is distributed according to the population census standard for each municipality, and each municipality is allocated a similar percentage to the value of the revenue collected.
