When you need to know
The Libyan Government of National Accord (GNA) has approved 2020 budget and financial arrangements, saying they are worth 38.5 billion dinars.
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Libya's budget for 2020 is estimated at just under 48 billion Libyan dinars, about 34 billion dollars, the Ministry of Economy and Industry has disclosed.
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The Libyan Audit Bureau has called on all authorities that are supposed to be funded by the 2020 budget of the country to exert efforts to prepare a well-studied budget for the next year.
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Minister of Economy, Ali Al-Issawi said Government of National Accord (GNA) plans to collect 30 billion dinars by the end of 2019 from the fees levied on the purchasing of hard currency, which amount to 183%.
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The Presidential Council (PC) approved on Wednesday the financial arrangements for the fiscal year 2019, which stands at 46.8 billion dinars, including 5 billion dinars for development programs and projects.
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The Presidential Council (PC) and the Central Bank of Libya (CBL) failed to reach an agreement on the 2019 budget due to a dispute over spending priorities.
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The governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabeer, has met with the Chairman of the National Oil Cooperation (NOC) Mustafa Sanallah, and reviewed boosting Libya's oil output and the vision the NOC has for the 2
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The governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabeer said the country would have a zero deficit rate in 2018 budget.
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