Tuesday, 13 May 2014

Libya: Debate over long overdue 2014 Budget postponed

The Congress put off discussing its long overdue budget for 2014 again this week. The budget was supposed to have been discussed during the Congress’s session on 11 May but, when it came to it, the budget law was not on the Congress agenda.

The ruling body gave no reason for the postponement and failed to specify a new date for discussions to take place. Congress sources did, however, tell the Libyan media that it had been shelved from the session on the 11 May because of security concerns.

Meanwhile, Congress member Abdelmonen Al-Yassir told a local satellite channel that the presidency of the Congress had informed members late on Saturday 10 May that there was a security risk which required the postponement of the session. While Al-Yassir stated that he did not know the nature of these risks, he hinted that it may be related to the ongoing controversy over the appointment of Ahmed Maitig as Prime Minister.

The draft budget is set at LD59,686 million (US$48,743 million) with a projected deficit of LD10,000 (US$8,166 million).

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

© 2014 Menas Associates

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