The Head of the Presidential Council, Mohammed Menfi, called on the institutions concerned with fuel subsidies to develop urgent solutions to their policies in order to spare citizens the consequences of removing fuel subsidies.

Menfi confirmed in a post on X platform on Sunday his intention to form technical subcommittees to verify the reasons for the inflation of subsidies and ways to save the Libyan economy, adding that the continued increase in public spending, especially the dangerous inflation in the fuel subsidies for the year 2023, required urgent and decisive treatment of the policies of public institutions away from burdening citizens.

He also called on the Libyan institutions concerned with public spending to notify their representatives to participate in the first meeting of the High Finance Committee for the year 2024 next week, which means reactivating the committee’s work after being suspended in October 2023.

The upcoming meeting of the High Finance Committee comes six months after the committee’s work has been suspended due to the House of Representatives’ approval in October 2023 of the general budget law in favor of the parallel government and the formation of a parliamentary committee to restructure the budget, in addition to preventing members of the House of Representatives from participating in its meetings.