EU Renews Support for Budget Unification and Sustainable Public Spending in Libya

Tripoli: The European Union renewed its support for efforts aimed at unifying the public budget and ensuring the sustainability of public spending in Libya, stressing that these two steps represent a fundamental pillar for protecting financial stability and ensuring the well-being of Libyan families and businesses. According to Libyan News Agency, this commitment was underscored during a meeting between the Head of the European Union Delegation to Libya, Nicola Orlando, and the Minister of Finance of the Government of National Unity, Rashid Abu Ghafa, held in the capital city of Tripoli. The meeting also saw the presence of the Head of Cooperation, Marton Benedek. Orlando highlighted in a tweet on his X platform account following the meeting that the European Union emphasized the significance of continuing collaborative efforts with oversight institutions to enhance accountability and transparency in managing public resources. The European official also underscored the necessity of preserving the vital rol e of the National Oil Corporation and bolstering its independence, as it is one of the key institutions supporting economic stability in Libya. Orlando further pointed out that the European Union will persist in assisting Libya in overcoming economic challenges and advancing urgent reforms through initiatives such as the "Investment for Libya" program.