14 Hrs
Source:
عين ليبيا
Conference budgets versus public hardship
The article discussed the controversy surrounding spending on hosting international conferences and events in Libya, and their effectiveness in strengthening foreign relations and achieving economic and political gains, especially with African countries. Experts, particularly Dr. Mohamed Youssef Darmish, affirmed that these events represent an investment in human development and opportunities to build international relations, provided that funding comes from transparent sources and is subject to strict financial oversight. He explained that the publicly announced figures regarding the budget deficit and foreign currency reserves do not reflect the true situation, as they only account for a part of the sources. Libya possesses resources and potentials that enable it to spend efficiently across all sectors if managed properly. He emphasized that the focus on Africa offers opportunities to enhance the national economy, given the strategic geographical location and trade history, criticizing economic policies that advocate for reduced spending. He clarified that financial figures and the budget require careful review to ensure the achievement of national objectives.
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