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Libyan Parliament to Discuss New Government’s Budget

May 27, 2022
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Media Adviser to the Speaker of the Libyan Parliament, Fathi Al-Marimi said that “briefing the Constitutional Amendment Committee and the Finance Committee’s proposal on the budget is likely to be at the top of the agenda of the Parliament’s upcoming session.”

In press statements, Al-Marimi said that “it is expected that MP’s will call for a session next week, and will be announced on Wednesday or Thursday.”

“The Finance Committee is studying the draft budget submitted by the government of Fathi Bashagha. The Constitutional Amendment Committee must submit the results of Cairo’s consultations with the High Council of State (HCS), for the deputies to express their opinions on it,” he added.

Last month, Parliament Speaker, Ageela Saleh issued a statement in which he demanded the opening of oil fields and the resumption of exports, “provided that its revenues be transferred to the Libyan Foreign Bank (LFB), and not to the Central Bank of Libya (CBL)

He explained that “this procedure will continue until it is agreed to form a committee of experts to distribute revenues equitably among the three regions of Libya.”

In an official statement, the Parliament said that this decision was taken “to preserve the interest of the Libyan people, and to ensure that they benefit from the high oil prices at the present time.” It added that “this requires us to continue to pump oil and ensure the regular work of vital facilities, protecting them from tampering, corruption, and wasting of public money.”

The United States Ambassador to Libya, Richard Norland confirmed that the Head of the Libyan National Oil Corporation (NOC), Mustafa Sanalla “was under great pressure” to transfer oil revenues to the Government of National Unity (GNU) in April.

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