Fri. Nov 15th, 2024

The Planning, Finance and General Budget Committee and the House of Representatives’ Budget Restructuring Committee have called on Libya’s Government of National Unity to reduce diplomatic representation abroad by 50 percent, in order to reduce public spending expected during 2024.

The request came in a letter signed by the head of the Planning, Finance and General Budget Committee and chairman of the budget restructuring committee in the House of Representatives, Omar Tantoush, which was sent to Prime Minister Abdelhamid Dabaiba on April 3.

Tantosh explained in the speech that this reduction comes in light of the expected deficit in the state’s general budget for 2024, and according to data issued by the National Oil Corporation, and the measures of the General Budget Restructuring Committee to limit spending, especially with regard to foreign exchange

The letter asked Dabaiba to communicate with the Ministry of Foreign Affairs and International Cooperation to take the necessary measures to implement a 50% reduction in the number of employees in Libyan embassies and consulates abroad, in order to balance spending with the expected revenues for 2024.

The letter referred to the decision of the Speaker of the House of Representatives, Aguila Saleh, to form a committee to restructure the state’s general budget for 2024, as well as a letter from the Central Bank of Libya regarding the requests submitted by Chapter One of the general budget on March 8.

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