No Result
View All Result
Tuesday, October 14, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Thinni’s government announces it will not wait for Congress to approve budget

byEmad
July 25, 2020
Reading Time: 2 mins read
A A

By Moutaz Ali.

Istanbul, 11 June 2014:

After months of waiting for the General National Congress (GNC) to approve the 2014 budget, the . . .[restrict]Caretaker Government of Abdullah Thinni has formally announced that it now deems that the budget has been automatically legally approved by the GNC.

After a meeting of the cabinet yesterday, the government published a formal statement explaining that its proposed budget to the GNC had in its interpretation been approved four months ago.

According to the government’s interpretation of the GNC’s internal laws, if Congress does not demand specific amendments to the proposed budget, then legally the budget is considered to be approved automatically.

RELATED POSTS

Aldabaiba rejects continued spending by eastern Libya government outside the legal budget

NOC reveals spending details of its LD 58 billion budgets

“Article number 132 of law number 62 issued in the internal law of the GNC says that after four months of submitting the budget proposal without receiving requested amendments from the GNC, the government will consider the budget approved and will start giving allocations to ministries,” caretaker government spokesman Ahmed Lamin explained to Libya Herald.

Moreover, the cabinet instructed the Finance Ministry to correspond with the GNC president, asking him to cancel his instructions to the Central Bank of Libya (CBL) with regard to stopping all financial procedures that depended on GNC decisions numbers 38 and 40, which the government now considers invalidated by the Supreme Court ruling as unconstitutional.

Additionally, the cabinet appointed committees made up of representatives from the different ministries and charged them with finding immediate solutions to some of the country’s most urgent problems, such as bank security and the petrol and electricity crises.

Other committees were assigned to design an integrated security plan to safeguard House of Representatives elections on 25 June, reassess the current economic situation and ensure all Ramadan food requirements are in place.

The government also instructed all Ministries to compile “comprehensive” reports on the problems and barriers they face in implementing their activities in preparation for a review of its activities.

Finally, the cabinet meeting reviewed the UNSMIL initiative by Tariq Mitri on Libyan national dialogue and noted that it would have preferred that the report was presented to the Libyan government first, prior to its publication. [/restrict]

Tags: budgetCentral Bank of LibyaFinance MinistryGNCLibyaThinni

Related Posts

‘‘U.S. experts’’ visit Sirte’s single pivot agricultural irrigation circles – 87 irrigation circles will be restarted in 2025
Libya

National Development Authority signs contract to develop Sirte’s Mahari Hotel and the Guest Palaces area in line with Libya’s 2030 Vision

October 13, 2025
Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter
Libya

Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

October 13, 2025
No saviour for Libya except through constitutional based elections to end transitional periods: Grand Mufti
Libya

Grand Mufti raises objections to CBL’s supposedly Islamic – Sharia compliant certificates of deposit

October 12, 2025
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Two detained in Aman bank Ajdabiya branch for LD 1.063 million fraud to trade in foreign currency

October 10, 2025
Nearly 11,000 migrants repatriated from Libya and 3,165 Mediterranean fatalities: IOM
Libya

IOM identifies 894,890 migrants in Libya from 45 nationalities in May-July 2025 reporting period – 18 percent up on 2024

October 10, 2025
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Director of Documentary Credit Department and his Deputy at Libyan Foreign Bank detained

October 10, 2025
Next Post

Benghazi activist target of assassination attempt

Jalil calls for Grand Mufti’s removal after his damnation of Hafter forces

Jalil calls for Grand Mufti’s removal after his damnation of Hafter forces

ADVERTISEMENT

Top Stories

  • Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

    Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

    0 shares
    Share 0 Tweet 0
  • Libya and UAE discuss resumption of flights – Airline delegations to visit Libya soon to discuss flight resumption dates

    0 shares
    Share 0 Tweet 0
  • CBL reviews foreign assets totalling US$ 98.8 billion with investment return of US$ 2.2 billion to September

    0 shares
    Share 0 Tweet 0
  • IOM identifies 894,890 migrants in Libya from 45 nationalities in May-July 2025 reporting period – 18 percent up on 2024

    0 shares
    Share 0 Tweet 0
  • CBL announces that first ‘‘Absolute Speculative’’ Certificates of Deposit will be issued to banks from 12 October

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Misrata Free Zone signs MoU with Italy’s Eli-Fly Helicopter Services Co.- its Misrata Free Zone branch inaugurated

Emirates Airlines security delegation visits Tripoli to begin Mitiga Airport inspection tour

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.