Libya’s Central Bank (CBL) Governor, Nagy Issa, met with the House of Representatives (HoR) finance committee to discuss government spending plans for 2025, with a focus on budget unification and fiscal discipline.
During the meeting, officials stressed the importance of ensuring timely salary payments while broader fiscal reforms are finalized. A comprehensive spending framework is expected to be in place by April 2025.
Discussions also covered economic stability, including the impact of public spending on foreign currency demand, exchange rate pressures, and foreign reserves.
The finance committee chair expressed support for the Central Bank’s financial oversight efforts, particularly in oil revenue management and trade regulations.
HoR members backed measures requiring imports to be processed exclusively through official banking channels to enhance transparency and monetary control.
The committee also pledged continued engagement with the CBL strengthen fiscal policies and economic governance.
