Libya’s Prime Minister of the eastern-based government, Dr Osama Hammad, has formally submitted the draft law for the unified national budget for the 2025 fiscal year. The budget was handed to the Speaker of the House of Representatives, Ageela Saleh, and will soon be presented to parliament members for review.
The proposed budget totals 174.1 billion Libyan dinars. It is designed to cover public spending across all sectors throughout the country. The move reflects a commitment to transparency and financial discipline, ensuring that the Central Bank of Libya does not allocate funds outside the legal financial framework.
The submission was made in the presence of representatives from both Tripoli and Benghazi branches of the Central Bank of Libya (CBL) . The budget aims to support key economic and social goals, promote sustainable development, and improve living conditions for citizens across Libya.
According to the government, the budget was developed based on detailed financial and planning data provided by state institutions. It also considers historical spending trends from previous years and official records from the Central Bank of Libya.
In addition, insights gathered from the Libyan government’s representatives in the Tunis-based Economic Dialogue Committee were used to shape the proposal.
The draft includes various programmes intended to address national priorities such as healthcare, infrastructure, and public services. It is expected to enhance coordination between different government bodies and set a unified course for economic policy amid ongoing political divisions.
Parliament’s discussion of the proposed budget will be a key moment in Libya’s efforts to stabilise its financial systems and implement long-term development plans.
