Libya's Central Bank & Parliament Discuss 2025 Budget
According to a statement from the Bank, the talks addressed the CBL's comments on the 2025 budget plan and reviewed Libya's key economic indicators as of July 2025. The discussions also covered ongoing measures aimed at safeguarding monetary and financial stability.
The Finance Committee praised the Bank's economic policy initiatives, singling out the 'Instant Salary' project, developed in cooperation with the Ministry of Finance, as a major step toward improving payment efficiency and transparency.
On July 6, the CBL had stressed that the proposed 2025 budget, valued at 160 billion dinars for the House-appointed government, required further consultation with the Bank and other state bodies before approval.
The 'Instant Salary' system, officially launched on August 12, is designed to speed up the transfer of wages and benefits directly into recipients' bank accounts, reducing delays and ensuring secure, transparent transactions. The CBL says the platform will modernize payroll systems, improve resource management, and strengthen public confidence in the financial sector.
As budget negotiations continue, the Central Bank's push for revisions and its investment in digital payment solutions highlight its pivotal role in shaping Libya's economic direction. Both the Bank and lawmakers agree that closer coordination is essential to ensure fiscal discipline, economic stability, and better service delivery to citizens in 2025. Tags: BudgetCentral Banklibyaparliament
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