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Monday, 13 April 2026
North Africa·Trade & Economy·Diplomacy

Libya Achieves First Unified Budget in Over a Decade

Saturday, 11 April 2026 · 1 min read
Based on: Al Jazeera English

Libya's rival legislative bodies have agreed on a unified national budget for the first time since 2013, marking a rare moment of cooperation in a country divided by years of civil conflict. The Central Bank of Libya confirmed that both the eastern-based House of Representatives and the Tripoli-based High Council of State endorsed the deal at a signing ceremony in the capital, with Governor Naji Issa calling it proof that Libya can overcome internal divisions. The agreement carries added significance given Libya's growing role in global energy markets, as demand for its crude oil has surged amid disruptions to Gulf shipping routes.

Sources
Al Jazeera EnglishLibya approves first unified budget in more than a decade
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