By Sami Zaptia.
London, 4 March 2020:
Libya’s 2020 budget was approved yesterday in a meeting at the Tripoli Central Bank of Libya which included the internationally recognized Prime Minister Faiez Serraj, the Tripoli CBL Governor, the head of the High State Council, the head of the Audit Bureau, the head of the breakaway western Libya based House of Representatives and the Commander of the Joint Operations Room of the Tripoli-based Libyan Army.
The meeting addressed the financial requirements for Libya’s the current reality considering the forced closure of Libya’s oil fields and ports and adopted the 2020 budget after extensive discussion of the terms of these arrangements, the Presidency Council reported.
The meeting also agreed to form a Crisis Committee of all those present in addition to the Minister of Interior, to deal with Libya’s current crisis and to ensure the continued flow of public services.
The official Presidency Council statement did not mention the size of the 2020 budget, but local Libyan media reported widely a figure of LD 38.5 bn. This would be down from LD 46.8 bn in 2019 and LD 42 bn in 2018.