With their tenure coming to a close, PC voices alarm about the national budget being stalled
With half the fiscal year coming to a close, Libya's Presidential Council voices concern over continued delays to approve national budget
Despite the fact that half of this year’s fiscal year has gone, Libya’s Presidential Council voiced serious worry over the Parliament’s failure to accept the State budget for the current year.
The Council stated in a statement that it was closely monitoring the rounds of discussions between the Finance Committee of the House of Representatives and the Finance Committee of the Government of National Unity on technical amendments to the proposed budget for the fiscal year 2021 in order to reach a consensus that would lead to its adoption in accordance with the financial legislation in place.
The Presidential Council emphasized in its statement the need for immediate action to adopt the budget in order to fulfil the commitments we “made to Libyans to meet their basic needs, particularly those of average citizens,” as reflected in the outcome of the Libyan political dialogue forum held on November 19, 2019.
It is worth remembering that Libya’s Interim Government of National Unity has only been in power for a year, and all members of the government pledged to stand aside when their term expired and they had completed their job of preparing the country for national elections.
However, with the country’s national elections still being delayed and only four months left on the GNU’s term, experts speculate that the temporary government’s term may be extended to give the High National Election Commission more time to prepare for the historic event of Libya’s first national elections.
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