No Result
View All Result
Monday, May 25, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

GNC Finance Committee preparing to sign off on LD 1,000 grant to families

byGeorge Grant
November 29, 2012
Reading Time: 2 mins read
A A
GNC Finance Committee preparing to sign off on LD 1,000 grant to families

Dinars

By George Grant.

The payment is intended to help families cover the cost of Eid Al-Adha. (Photo: George Grant)

Tripoli, 29 November:

The GNC’s Budget, Planning and Finance Committee is preparing to activate the decision to grant every Libyan . . .[restrict]family 1,000 dinars to help cover the costs of Eid Al-Adha which started on 25 October.

Resolution 64 (2012) was passed on 18 November, although the decision to distribute the funds was announced on 10 October by GNC Spokesman Omar Hmaidan. It was said at the time that the funds would not be ready for disbursement for at least two months.

At a meeting of the Budget, Planning and Finance Committee on Wednesday, during which the legislation was reviewed, it was determined that authorisation would be granted to the Central Bank to proceed with disbursing the funds in the next two weeks. In its current form, Law 64 does not state the exact sum to be granted to Libyan families.

RELATED POSTS

Top law firm joins new British Libyan Business Association

An academy with a difference in Tripoli

The legislation marks the third time that the authorities have decided to make a payment to the population at large since last year’s revolution.

In February the NTC announced a one-off payment of LD 2,000 to every family to celebrate the first anniversary of the revolution. The payments took several months to be made owing to the lack of a functioning database, but it is hoped this latest round of payments will be processed more efficiently now that the system is up and running.

Also in February, the NTC resolved to pay every revolutionary who had fought in last year’s war, with LD 4,000 going to married fighters and LD 2,400 to unmarried ones. The scheme quickly descended into chaos with some revolutionaries not getting paid while payments were made to names who never existed in the first place.  In April, the government was forced to temporarily suspend payments in order to implement more rigorous identification criteria.

Most recently, the GNC also approved in principle plans to give every family a monthly allowance. Exact figures are not due to be discussed until January although it has been suggested that every family would receive between LD 300-500 with an additional amount of between LD 50–100 for every dependent mentioned in the Family Book. [/restrict]

Tags: Central BankfeaturedGNCLibya

Related Posts

Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives
Libya

Minister of Economy Abu Shiha approves 13 decisions related to foreign and joint ventures and commercial agencies

May 25, 2026
Visiting Jordanian specialists perform 18 infertility and delayed childbearing operations in Zintan Hospital
Libya

Libya signs Health MoU with Morocco on the sidelines of the 79th World Health Assembly in Geneve

May 20, 2026
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Libya emphasises it is not destination for irregular migration, cannot become migrant resettlement zone: Rome Quadripartite Cooperation Committee

May 20, 2026
Fifth Libyan-German Economic Forum kicks off in Tripoli
Business

Fifth Libyan-German Economic Forum kicks off in Tripoli

May 19, 2026
Visiting Jordanian specialists perform 18 infertility and delayed childbearing operations in Zintan Hospital
Libya

First phase of the Health Ministry’s Central Emergency Response Room activated

May 18, 2026
In the year that Libya hopes to hold elections, decision declaring all previously registered NGOs void is now deemed binding
Libya

Court of Appeal acquits former Qaddafi intelligence chief Senussi, and others, of all charges related to suppression of protesters during 2011 revolution

May 18, 2026
Next Post

Trucks loaded with stolen oil company equipment seized: reports

Supreme Judicial Council committed to restructuring Libyan judicial system

Top Stories

  • Suspect arrested in possession of over 400 currency debit cards destined for money laundering via UAE and Turkey

    Suspect arrested in possession of over 400 currency debit cards destined for money laundering via UAE and Turkey

    0 shares
    Share 0 Tweet 0
  • CBL to inject US$ 3 billion in May and another US$ 3.5 billion in June to meet accumulated demand and stabilise currency and commodity markets

    0 shares
    Share 0 Tweet 0
  • Court of Appeal acquits former Qaddafi intelligence chief Senussi, and others, of all charges related to suppression of protesters during 2011 revolution

    0 shares
    Share 0 Tweet 0
  • Bosnia Herzegovina engineering company Energoinvest signs € 2.71 million contract with Libyan Iron and Steel Co to construct a power station

    0 shares
    Share 0 Tweet 0
  • Fifth Libyan-German Economic Forum kicks off in Tripoli

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Libyan Railroads meets China Civil Engineering Construction Corp. – joint committees to negotiate activating signed contracts

Minister of Economy Abu Shiha approves 13 decisions related to foreign and joint ventures and commercial agencies

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.