The Administrative Control Authority (ACA) has formally launched the second phase of reviewing Libya’s final state accounts, marking a significant institutional step after more than 15 years of delays in closing public financial records.
The Chairman of the Authority, Abdulla Gadirboh, received the state’s final accounts for the fiscal years 2016–2020 from Finance Minister Khaled Al-Mabrouk Abdullah of the Government of National Unity.
The handover enables the Authority to begin examination and auditing procedures in accordance with its legal mandate.
The move comes as part of a broader plan to complete the state’s accounting cycle, under a mandate issued by the House of Representatives. A national committee tasked with following up on the closure of final accounts is working under the supervision of the Parliament’s Planning, Finance, and General Budget Committee to ensure the process is carried out accurately and efficiently.
Gadirboh stated that the Authority had already completed a preparatory phase that included reviewing earlier fiscal years, while the current phase will focus on ensuring a comprehensive and reliable accounting cycle. He stressed that longstanding administrative and technical bottlenecks that hindered account closures for years are being addressed.
The Authority described the step as a major institutional breakthrough, given that delays in closing final accounts have negatively impacted fiscal discipline indicators and public financial governance for over a decade. Officials emphasized that completing this process will strengthen oversight of public spending, enhance transparency, and reinforce institutional accountability in line with applicable legislation.
