Libya Oversight and Audit on Final Accounts

The article focused on the efforts of the Administrative Control Authority in Libya to monitor priority financial and economic files, especially in the areas of safeguarding public funds and managing state resources. The meeting held in Tripoli discussed the level of commitment of the concerned entities to legislation and regulations, with a review of the state's final accounts since 2021, and efforts to improve the accuracy of financial data. It also addressed the performance of the National Oil Corporation and its relation to oil revenues, as well as follow-up on approximately 500 companies on the blacklist to verify compliance with regulations and laws, and to take the necessary legal measures against violators. Emphasizing the importance of transparency and accountability, the supervisory body continues to examine files and refer them to the Higher Council of State for appropriate action, aiming to protect public funds and ensure financial and administrative discipline in the country.

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