Ahmad 
During its session today, Monday, the Supreme Council of State in Libya rejected the budget approved by the Libyan House of Representatives, citing its violation of Libyan constitutional legislation.
The Council discussed the decision of the Libyan House of Representatives to approve the Libyan state budget worth 180 billion dinars.
Media sources confirmed that the presidency and members of the Supreme Council of State expressed their objection to the budget for two main reasons: the first is the significant increase in the value of the budget, which may lead to economic inflation in the Libyan market, and the second is the necessity of adopting the budget in consultation with the Supreme Council of State in accordance with the political agreement.
An informed source indicated that the Supreme Council of State may take escalatory steps, including suspending its participation in the tripartite meeting scheduled to be held in Cairo, which brings together the Speaker of the Libyan House of Representatives, Aguila Saleh, the Speaker of the State Council, Mohamed Takala, and the President of the Presidential Council, Mohamed Al-Menfi, with the aim of reaching an agreement. To solve the Libyan crisis.
The Libyan House of Representatives approved the state budget for 2024 worth 180 billion Libyan dinars, a step that raised concern among economic experts about its potential repercussions on inflation in the Libyan market.
Libya’s Waha Oil Company expects to increase production by end of 2024