GNA Allocates 2 Billion Dinars for Municipalities in 2020

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On Monday, the Presidential Council of the Libyan Government of National Accord (GNA) announced the allocation of 2 billion dinars for the year 2020. This is to cover 30% of the second chapter, and 70% of the third chapter of the Municipalities’ expenditures. The Council assigned the Ministry of Local Government and the General Secretariat of the Supreme Council for Local Administration to determine the terms of disbursement of the funds.

In a statement, the Council allocated 1 billion dinars to be covered by the revenues of the fee imposed on foreign exchange sales. This will be distributed according to the population census for each municipality. This is in addition to another billion dinars for the targeted domestic revenues.

“Each municipality is allocated a similar percentage to the value of the revenues collected, in addition to what has been collected. In case revenues and the corresponding value exceeds 1 billion, there will be an additional provision for coverage,” the statement said.

The Council also assigned the Central Bank of Libya (CBL) to deposit the allocated revenues from the fee imposed on foreign exchange sales into the general revenue account. “The Minister of Finance issues financial authorisations for Chapter 2 expenditures, and the Minister of Planning issues financial authorisations for development programs and projects,” the statement added. In addition, the Ministry of Finance is responsible for liquidating the delegated amounts in the CBL’s general revenue account for municipalities.

According to the decision, municipalities are also mandated to submit periodic reports to the Ministry of Local Government, which handles the settlement with the Ministries of Planning and Finance.