Libyan Parliament Approves Budget for Reconstruction Fund
Libya's House of Representatives has approved the preparation of a dedicated budget for the Development and Reconstruction Fund, aimed at revitalising infrastructure and services across the war-torn country.
The session was held on Monday in Tobruk, under the chairmanship of Speaker Aqeela Saleh, with the presence of First Deputy Speaker Fawzi Al-Nuwairi and Second Deputy Misbah Douma.
According to Parliament Spokesman Abdullah Bliheg, the session also reviewed the national development plan for the years 2025, 2026, and 2027.
Following extensive discussion, MPs agreed to initiate the process of drafting a budget for the Development and Reconstruction Fund. The decision includes the formation of a committee comprising a representative from each electoral district, who will meet with the Fund's administration to ensure the budget is equitably distributed across all regions.
The fund is expected to play a critical role in rebuilding key infrastructure, repairing war-damaged areas, and boosting development in neglected provinces.
The House also agreed to establish a technical committee to study the Libyan-Turkish agreement submitted by the government designated by Parliament. Additionally, MPs voted to cancel all exceptions to financial and administrative oversight—marking a move towards enhanced transparency and institutional control. Tags: Ageela SalehDevelopment FundlibyaLibyan parliamentReconstruction
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