The Ministry of Oil and Gas of the Government of National Unity published a statement today, Tuesday, regarding the decision of the Presidential Council, regarding the organization and follow-up of public spending, in which it proposed moving forward with the formation of the Presidential Committee with the amendment of its tasks so that it moves away from implementation and leaves it to the executive authorities and institutions charged with the law, explaining that this committee is responsible for reviewing the allocations of expenditure clauses and their distribution among expenditure categories and regions in the country.
The Ministry indicated that with this amendment, the financial system is preserved, the law and legislation are followed in this regard, and the participation of all agencies and regions in the country in the procedures for preparing and distributing expenditure items between regions and exchange categories so that they are fair and meet all the requirements of the necessary national consensus.
The Ministry indicated that the composition of the committee should include some members and technicians from the oil sector so that the committee’s proposals and recommendations are consistent with the capabilities of the sector as the most important source of income in Libya.