The Head of Presidential Council Mohammed Menfi said that approving a general budget law requires three inseparable constitutional requirements: the first there is a draft proposal for the law submitted to the jurisdiction of the executive authority, the second is a binding consultation with the High Council of State, and the third is the approval of the budget by 120 members of the House of Representatives.
This came in a post on X by Menfi, who reiterated the importance of consensus between representatives of national institutions concerned with determining public spending priorities.
Meanwhile, six members of the joint financial committee formed by the House of Representatives announced that they had not been informed about the draft unified budget law, stressing that they were not responsible for the proposal scheduled to be discussed in the parliament session on Tuesday.
These developments came after the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, and the Speaker of the House of Representatives, Aqila Saleh, discussed on Saturday the steps to adopt the unified budget for the year 2024. This discussion was during a meeting held in Cairo in the presence of the Deputy Governor of the Central Bank, Marie Miftah Raheel.
