No Result
View All Result
Wednesday, December 24, 2025
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

Thinni’s government announces it will not wait for Congress to approve budget

byEmad
July 25, 2020
Reading Time: 2 mins read
A A

By Moutaz Ali.

Istanbul, 11 June 2014:

After months of waiting for the General National Congress (GNC) to approve the 2014 budget, the . . .[restrict]Caretaker Government of Abdullah Thinni has formally announced that it now deems that the budget has been automatically legally approved by the GNC.

After a meeting of the cabinet yesterday, the government published a formal statement explaining that its proposed budget to the GNC had in its interpretation been approved four months ago.

According to the government’s interpretation of the GNC’s internal laws, if Congress does not demand specific amendments to the proposed budget, then legally the budget is considered to be approved automatically.

RELATED POSTS

Aldabaiba rejects continued spending by eastern Libya government outside the legal budget

NOC reveals spending details of its LD 58 billion budgets

“Article number 132 of law number 62 issued in the internal law of the GNC says that after four months of submitting the budget proposal without receiving requested amendments from the GNC, the government will consider the budget approved and will start giving allocations to ministries,” caretaker government spokesman Ahmed Lamin explained to Libya Herald.

Moreover, the cabinet instructed the Finance Ministry to correspond with the GNC president, asking him to cancel his instructions to the Central Bank of Libya (CBL) with regard to stopping all financial procedures that depended on GNC decisions numbers 38 and 40, which the government now considers invalidated by the Supreme Court ruling as unconstitutional.

Additionally, the cabinet appointed committees made up of representatives from the different ministries and charged them with finding immediate solutions to some of the country’s most urgent problems, such as bank security and the petrol and electricity crises.

Other committees were assigned to design an integrated security plan to safeguard House of Representatives elections on 25 June, reassess the current economic situation and ensure all Ramadan food requirements are in place.

The government also instructed all Ministries to compile “comprehensive” reports on the problems and barriers they face in implementing their activities in preparation for a review of its activities.

Finally, the cabinet meeting reviewed the UNSMIL initiative by Tariq Mitri on Libyan national dialogue and noted that it would have preferred that the report was presented to the Libyan government first, prior to its publication. [/restrict]

Tags: budgetCentral Bank of LibyaFinance MinistryGNCLibyaThinni

Related Posts

GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Western Libya’s Chief of General Staff of the Libyan Army and his accompanying delegation die in plane crash over Ankara

December 24, 2025
Libyan Egyptian Joint Economic Chamber discusses organizing return of Egyptian workers to Libya
Business

‘‘Benghazi Real Estate Horizon 2025’’ exhibition held in Benghazi from December 20-22

December 24, 2025
HoR condemns Serraj’s foreign intervention call
Libya

Parliament approves Libya’s LD 303 billion Treasury debts – Central Bank to settle the debts by deducting 3% of the Treasury’s total revenues

December 23, 2025
Policeman killed in UNDP Tripoli office attack
Libya

US$ 5.8 million UNDP initiative approved to help Libya reverse land degradation, protect biodiversity, and strengthen climate resilience

December 22, 2025
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Former National Commercial Bank managers convicted for LD 4.3 million embezzlement

December 22, 2025
Electronic Tracking system for imported goods goes into operation
Libya

Customs Authority thwarts attempt to smuggle over €123,000 through Mitiga Airport

December 21, 2025
Next Post

Benghazi activist target of assassination attempt

Jalil calls for Grand Mufti’s removal after his damnation of Hafter forces

Jalil calls for Grand Mufti’s removal after his damnation of Hafter forces

libyaherald-Ads

Top Stories

  • CBL receives results from meetings with international banks

    CBL Governor urges executive authorities to take measures to close unlicensed foreign exchange bureaux, prohibit imports outside the banking system

    0 shares
    Share 0 Tweet 0
  • High-level national workshop held to review Libya’s draft Renewable Energy Law

    0 shares
    Share 0 Tweet 0
  • Zuwara Port under consideration for establishment of integrated fisheries industrial zone in partnership between Libyan company and Albanian company Rozafa

    0 shares
    Share 0 Tweet 0
  • HoR’s 303 billion debt cancellation is necessary as the debt’s negative effects have already occurred: Husni Bey

    0 shares
    Share 0 Tweet 0
  • PM Aldabaiba meets CBL Governor Issa to follow up on financial situation and efforts to ensure provision of cash and improve level of banking services

    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

Western Libya’s Chief of General Staff of the Libyan Army and his accompanying delegation die in plane crash over Ankara

‘‘Benghazi Real Estate Horizon 2025’’ exhibition held in Benghazi from December 20-22

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.