
Dbeibeh calls for comprehensive review of public spending policies
The directive came during a meeting on Sunday at the Prime Minister's Office in Tripoli. Attending the meeting were Finance Minister Khaled Al-Mabrouk, his deputies, and Mustafa Al-Manaa, head of the executive team for government initiatives and strategic projects.
According to a statement from the government's official Facebook page, the meeting focused on ensuring regular disbursement of public sector salaries and addressing broader financial arrangements.
Dbeibeh emphasized the importance of fair and needs-based resource allocation, warning against surplus budgets that could be misused outside established frameworks.
He also urged the swift implementation of an Integrated Financial Management System (IFMS) to enhance transparency, centralize financial data, and improve monitoring and accountability.
He described the move as a key step toward strengthening governance and transitioning toward a fully digital public financial system. Tags: Abdul-Hamid Dbeibah Ministry of Finance
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Libya Observer
02-07-2025
- Libya Observer
Libya launches digital platform for port operations
The Ministry of Economy and Trade of the Government of National Unity has officially launched the 'PTS' electronic trade portal to streamline the processing of commercial ship arrivals at Libyan ports. In a statement shared on its Facebook page, the ministry announced that, through joint agreements with the Libya Trade Network, the Ports and Maritime Transport Authority, and the Maritime Navigation Chamber, notifications of ship arrivals are now being exchanged electronically. As part of this initiative, the Libya Trade Network has activated a service that enables maritime inspection offices at ports to electronically receive ship arrival notices and cargo manifests, in line with approved procedures and operational standards. The ministry emphasized that this move is part of broader efforts to support digital transformation and improve trade facilitation, particularly in the logistics sector, in collaboration with the Ministry of Transport. Economy Tagged: Ministry of Economy and Trade Libyan ports


Libya Observer
01-07-2025
- Libya Observer
High Council of State calls on AG to probe illegal 50-dinar banknotes
The High Council of State (HCS) has called on Libya's Attorney General (AG) to launch a comprehensive and independent judicial investigation into the circumstances surrounding the issuance of 50-dinar banknotes outside the legal framework. The Council urged the identification of legal responsibilities and the implementation of necessary measures to protect public funds and safeguard the financial system. The HCS emphasized that issuing national currency is an exclusive mandate of the Central Bank of Libya (CBL), and any breach of this mandate constitutes a serious violation of monetary sovereignty, rendering the perpetrators legally accountable. It described the printing of large quantities of 50-dinar notes outside official channels—whether in the UK or Russia—as 'null and void under the law.' The HCS held fully accountable all individuals or institutions involved in, facilitating, or covering up the unauthorized printing—whether inside financial institutions or outside them. It called for clearly identifying both institutional and personal responsibility and for holding anyone who breached their duties or exceeded their authority accountable. It further warned that injecting large sums of cash outside the official financial system had caused disruptions in the currency market, increased inflation, and devalued the Libyan dinar—burdening citizens, weakening their purchasing power, and eroding trust in the state's financial system. On Sunday, the Central Bank of Libya announced that it had detected 3.5 billion dinars from the second issuance of 50-dinar notes printed in Russia and withdrawn from circulation, which were not recorded in the records of its Benghazi branch. The CBL said a preliminary count and sorting process showed that 6.65 billion dinars had been issued from this batch, while approximately 10.211 billion dinars were deposited into the CBL. Meanwhile, the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, described the discovery of this unaccounted-for currency as a serious issue affecting the core of Libya's economic stability—its national currency—and impacting people's lives and livelihoods. He called on the Attorney General to immediately launch a full investigation and hold all those involved in what he called a 'crime that cannot be ignored or tolerated' accountable.


Libya Observer
29-06-2025
- Libya Observer
Libya welcomes Rwanda -DRC peace agreement
The Ministry of Foreign Affairs of the Government of National Unity has welcomed the signing of the peace agreement between Rwanda and the Democratic Republic of the Congo. In a statement, the ministry considered this agreement a critical development in the process of ending one of the longest and most complex conflicts on the African continent, spanning more than three decades in the Great Lakes region. The ministry commended the courage of the concerned parties and their commitment to prioritizing the supreme national and regional interest and working to consolidate the foundations of peace and stability after years of suffering and political and security tensions. It reiterated Libya's support for resolving conflicts through peaceful means and responsible dialogue, adhering to the principles of international law and the right of peoples to security, development, and a dignified life. News Tagged: Ministry of Foreign Affairs