• Libya signs first state budget after decade

    Libya signs first state budget after decade

    Libya’s House of Representatives and ​the High Council of ‌State have approved the country’s first unified state ​budget in more than ​13 years, its central ⁠bank said in ​a statement on Saturday.
    The bank ​said the approval of the budget by the two ​rival legislative chambers ​could help strengthen financial stability, marking ‌an ⁠important move toward ending years of financial division.
    Libya, a significant oil ​producer, ​is ⁠divided between administrations in the west ​and east that ​have ⁠not had a unified budget in more than ⁠a ​decade.

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