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Libyan PM Aims to End Financial Division With Unified Budget

April 24, 2025
Libya’s Prime Minister, Osama Hammad

Libya’s Prime Minister, Osama Hammad

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On Thursday, Libyan Prime Minister Osama Hammad met with Omar Tantoush, Head of the Parliament’s Committee on Planning, Finance, and the General Budget, to discuss the next steps toward adopting a unified national budget for 2025.

The meeting followed recent discussions held with Central Bank Governor Naji Issa and senior banking officials in Benghazi.

During the meeting, the two officials emphasized the need to accelerate efforts to finalize and implement the country’s 2025 general budget, which is seen as a crucial step toward unifying public spending and restoring financial discipline across Libya’s divided institutions.

They agreed that the budget must be built on a clear, nationally endorsed financial vision that promotes economic stability, prioritizes citizen needs, and supports long-term growth. Both sides underlined that fiscal reform must be people-centered and directly aimed at reducing the financial burden on ordinary Libyans.

Discussions also included the broader challenges of coordinating policy between institutions in Libya’s east and west, and ensuring that any economic reform plan reflects a unified national interest, rather than serving narrow regional agendas.

Hammad reiterated the government’s commitment to transparency, accountability, and financial reform, and said the unified budget would serve as a foundation for future development programs and service delivery.

The meeting reflects a broader momentum in Libya toward institutional unification, particularly in economic and financial policy, as part of a larger push for national reconciliation and recovery.

Tags: libyaparliamentPrime MinisterUnified Budget
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