Thursday, 28 February 2013

Libya: Budget under discussion

Congress has been busy this month discussing the 2013 budget. According to a spokesperson, this year's budget has been set at LYD66 billion dinars (US$52 billion), marginally lower than LYD68.5 billion (US$53.8 billion) in the 2012 budget.

No details about allocations have been released. The issue is, however, clearly causing disagreement. On 19 February, after a brief discussion within Congress, the budget was referred to specialised committees for review.

It is essential that Congress get the budget passed as quickly as possible in order for the government to get on with implementing much-needed development projects and thus absorbing some of the growing public anger. Such delay is not good for the country.

For more news and expert analysis about Libya, please see Libya Focusand Libya Politics & Security.

© 2013 Menas Associates

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