On Monday, the ministerial committee formed by the Council of Ministers of the Libyan government in charge of studying and submitting a proposal for the general budget law held its first meeting to lay out the features of the draft budget.
The meeting was chaired by the Deputy Prime Minister Khaled Al-Osta, the Minister of Planning and Finance Usama Hamad, the Minister of Electricity and Renewable Energy Awad Al-Badri, the Minister of Defense Ahmid Huma, the Minister of Public Works Nasr Mohamed and the Minister of State for Prime Minister and Cabinet Affairs Mohammed Farhat and the Minister of State for Women’s Affairs Intisar Abboud.
The committee has also worked on setting the main lines and features of the draft budget law in a manner that responds to the objectives of the Libyan government’s program of rationalizing spending, alleviating the impact of inflation on citizens, and allocating financial resources to service sectors according to clear programs and goals.
The committee indicated that it will hold other meetings in order to finalize the observations and recommendations of the ministries and sectors of the Libyan government to finalize the draft of the general budget and refer it to the House of Representatives for discussion and approval.