Fiscal Policy

Libya Approves First Unified National Budget in Over a Decade

On April 11, 2026, Libya's House of Representatives and High Council of State approved a unified state budget of 190 billion Libyan dinars, the first since 2013. This historic agreement, facilitated by US diplomacy, aims to consolidate public spending and enhance financial stability amid ongoing political divisions. The long-term implication is a potential increase in oil production and economic stability, although implementation risks remain due to persistent political rifts.