The Presidential Council (PC) has suspended employment contracts in a new ordinance it issued on Thursday as part of the 2018 financial measures.
The PC ordered also collecting revenues and taking the needed alternative measures to boost economy.
“The Ministry of Finance is the only authority entitled to implement the financial measures and it will start issuing payments authorized by the Libyan Treasury.” The PC’s statement reads.
The PC announced this month 2018 financial measures that are worth 42.5 billion dinars, with 24.5 of it going for salaries of government employees, after meetings for Fayez Al-Sirraj over weeks with the Central Bank of Libya and Audit Bureau as well as Ministry of Finance.
The Administrative Control Authority has criticized the financial measures of 2018 taken by the Presidential Council (PC), including expanding expenditure, urging the PC to reform and call for austerity measures instead this year.
The head of authority, Nasser Hassan, told the PC in a letter that the measures which saw expansion of spending to 46 billion dinars amid a deficit of 14 billion dinars would worsen the ailing economy and financial instability in Libya.
