The Libyan Parliament-designated government, led by Prime Minister Osama Hammad submitted a proposal for the General State Budget for the fiscal year 2024, to the Speaker of the House, Ageela Saleh on Sunday.
The proposed General State Budget for the fiscal year 2024 outlines total expenditures estimated at approximately 90.5 billion Libyan dinars.
Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.
Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.
The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.
The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.
Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.
In December, Saleh asserted the crucial necessity of forming a solitary government that encompasses the entirety of Libya. The primary mission of this government should be to facilitate the electoral process with the support of the High National Elections Commission (HNEC).
Saleh’s remarks came during his meeting in Al-Qubbah City with the Head of the Parliamentary Energy and Natural Resources Committee, Issa Al-Araibi, and MP, Idris Abdullah.
During the meeting, the attendees touched on the latest political changes sweeping through the country, as well as the electoral laws recently enacted by the Parliament, achieved through the collaborative efforts of the 6+6 Joint Committee.
Saleh stressed the urgency of conducting Presidential and Parliamentary elections in the near future. This was in response to the rumours circulating about the Speaker boycotting the council sessions.
The Libyan Parliament unanimously passed laws for the Presidential and Parliamentary elections, according to Spokesman, Abdullah Blaiheg. The legislation was prepared by the 6+6 Joint Committee, which consists of MPs and members of the HCS.