20 Hrs
Source:
دايلي بيروت
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First budget test raises concerns over development delays between Tripoli and Benghazi
Libya reached an agreement in April to establish a unified budget after more than 13 years of financial and political division, with the aim of unifying public expenditure management, particularly regarding funding development projects. However, the implementation of the agreement faces significant obstacles, the most prominent of which is the ambiguity surrounding decision-making mechanisms concerning funds, especially development funds, which require consensus on who authorizes, disburses, and oversees execution. Experts believe that disagreements over legitimacy between competing governments and the lack of clear standards for distributing funding hinder the practical application of the agreement, threatening the success of unifying financial institutions and gaining popular and political trust in the expenditure and development process.
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