The Libyan House of Representatives has voted by majority to approve the Public Debt Law, a key measure designed to regulate state borrowing and financial obligations.
The law includes the establishment of a consolidated account to manage debt repayment. It also bans borrowing from both domestic and international sources unless explicitly authorised under the state budget law. Lawmakers said the legislation aims to bring tighter control over public finances at a time of mounting economic challenges.
The session, held in Benghazi, resumed after a one-hour suspension. It came as the chamber continues discussions on the 2025 state budget, estimated at 160 billion dinars. A final vote on the budget is expected later this week.
Parliament spokesman Abdullah Bliheg confirmed that General Abdulrazzaq Al-Nathouri arrived at the assembly to take his oath as National Security Adviser. He was welcomed by Abdullah Al-Masri Al-Fadil, head of the Parliament’s Office, and Major Awad Al-Awjali, director of the office of the Commander-in-Chief.
On Monday, MPs had debated a proposal backed by more than 70 members to amend Law No. 1 of 2015, which regulates the powers of senior leadership levels in the Libyan Army. The amendment was unanimously approved.
Lawmakers also revisited the draft public debt law before its final adoption. It was referred to the constitutional, legislative, planning and finance committees for review prior to the vote.
The House continues to face pressure to pass both the debt and budget laws, seen as essential to stabilising Libya’s economy and ensuring funding for state institutions.
