Libyan MP Abdul Salam Nasia has raised concerns over what he describes as exaggerated figures in the country's general budget, urging the necessity of developing a plan to maintain a minimum level of financial stability.
In an interview with the London-based "Al-Araby Al-Jadeed," Nasia stated that a suitable budget for Libya's national economy should not exceed 135 billion dinars, especially amid the political division affecting the country.
He highlighted the 27% tax on the exchange rate, which impacts citizens and the middle class.
"A budget was approved in April by the House of Representatives amounting to 90.5 billion dinars, and then additional appropriations worth 88.4 billion dinars were added, bringing the final budget to 178.9 billion dinars, approximately 36.8 billion dollars," the MP noted.
The HoR voted last Wednesday to approve this year's general budget presented by the House's government.
In a statement on its official page prior to the budget proposal vote, the House's government emphasized that it is a "unified" budget for the entire country, noting that they endeavoured to address all "required observations from all parties.
