Friday, July 11, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Dbaiba Accused of Neglecting Libya’s Finances

January 27, 2025
Dbaiba Accused of Neglecting Libya’s Finances
Share on FacebookShare on Twitter

On Monday, Libyan Member of Parliament Ali Al-Tekbali accused Abdul Hamid Dbaiba, Prime Minister of the interim Government of National Unity, of being directly responsible for Libya’s financial collapse.

Tekbali’s criticism follows the announcement by Dbaiba’s Minister of Finance that the government borrowed 7 billion Libyan dinars to cover public sector salaries, a move Tekbali described as catastrophic and indicative of reckless financial mismanagement. He has called for the Attorney General to investigate all officials involved in what he labeled a national economic disaster.

The MP condemned the Finance Ministry’s claims about the state’s inability to cover salaries, calling them a blatant insult to the intelligence of Libyans. He argued that this narrative shifts responsibility for the crisis onto the public while ignoring the root causes.

Tekbali warned, “We have long cautioned against these policies—reckless spending, rampant oil smuggling, and manipulation of foreign currency. These irresponsible actions have led to the dire financial situation we face today.”

The accusations come as Libya continues to grapple with severe economic instability, exacerbated by political divisions, corruption, and resource mismanagement. Since the fall of Muammar Gaddafi in 2011, Libya has been mired in conflict, with rival governments and factions competing for power.

Dbaiba, who was appointed in 2021 as part of a UN-backed transitional process, was tasked with leading the country toward elections and addressing its pressing economic issues. However, his tenure has been marked by allegations of corruption, delays in elections, and increasing public frustration over deteriorating living conditions.

Libya’s economy, heavily reliant on oil revenues, has been further strained by widespread smuggling and the mismanagement of resources. Public sector workers frequently face delays in receiving salaries, and inflation has eroded the purchasing power of ordinary citizens.

As public discontent grows, calls for accountability and transparency are intensifying. Many Libyans are demanding action to address corruption, reform public institutions, and ensure responsible management of the country’s wealth.

Tags: Abdul Hamid DbaibaFinancial CollapselibyaMismanagementmpPrime Minister
Next Post
Haftar Invited to African Union Summit in Ethiopia

Haftar Invited to African Union Summit in Ethiopia

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya Signs Military Cooperation Agreement With Turkey

Libya’s Prosecutor Reports 461 Inmates Escape Amid Tripoli Clashes

400 Firms Compete for Libya’s Oil Contracts

UN Calls for Withdrawal of Armed Forces From Libyan Capital

NOC Chief: Libya Open for Global Energy Investment

Libya’s National Army Expands Anti-Smuggling Campaign in Southern Region

EDITOR PICKS

EU Mission Urges Calm & Peaceful Conflict Resolution in Libyan Capital

Libya Seeks Greater Benefits from OAPEC Membership

Libya’s National Army Expands Anti-Smuggling Campaign in Southern Region

Libya’s Prosecutor Reports 461 Inmates Escape Amid Tripoli Clashes

Libya Signs Military Cooperation Agreement With Turkey

NOC Chief: Libya Open for Global Energy Investment

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR