Audit Bureau rejects financial arrangements for 2019

Audit Bureau rejects financial arrangements for 2019

April 02, 2019 - 12:07
Posted in:
Written By: SafaAlharathy

The Audit Bureau rejected the financial arrangements for 2019, approved by the Presidential Council (PC) earlier.

The Audit Bureau justified its refusal on the grounds that the financial arrangements were not adopted from the legislative authority represented in the House of Representatives (HoR), in accordance with the laws in force, in addition, it lacks any form of financial and economic reform, both in terms of rationalization of spending or setting controls, as well as the absence of a balanced financial policy.

The Audit Bureau said in a letter addressed to the PC's head, Fayez Al-Sarraj that there is an expansion of expenditure through the establishment of new centres and departments, while the allocating of funds is the prerogative of the legislative power and on the proposal of the government  and in coordination with the Audit Bureau and the Central Bank of Libya (CBL).

 

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