Dbeibah calls on HoR Speaker to disclose fate of 100 billion dinars spent outside official budget in the past 2 years
Prime Minister of the Government of National Unity, Abdul Hamid Dbeibah, has called on Speaker of the House of Representatives, Aqila Saleh, to disclose the fate of more than 100 billion Libyan dinars that were spent outside the official budget over the past two years. Dbeibah reiterated his government's firm rejection of any parallel public spending paths that fall outside legitimate frameworks.
The statement came during a meeting Dbeibah held on Monday at the Prime Minister's Office in Tripoli with several members of the High Council of State to discuss current political and economic developments, monitor the government's stability plan, and address efforts to unify institutions and protect the national economy from what he described as "parallel financial chaos," according to the "Hakomitna" platform on Facebook.
During the meeting, Dbeibah warned that these parallel financial practices impose massive burdens on the state, as funds are spent in non-genuine areas and later offset through public debt — effectively deducting from citizens' pockets and diminishing the real value of their incomes.
He stressed that the Libyan people do not benefit from projects implemented at inflated costs outside the unified financial system, questioning: 'What's the point of projects implemented at double the cost, only to be paid for through public debt, which comes directly out of citizens' pockets?'
The Prime Minister's comments were a direct reference to ongoing HoR discussions regarding the proposed budget for the 'Libya Development and Reconstruction Fund,' headed by Belgassim Haftar and linked to the parallel government in the east.
Dbeibah renewed his demand for Aqila Saleh to reveal the fate of over 100 billion dinars spent outside the official budget in the past two years. He emphasized that this demand is not merely about transparency, but a direct consequence of the impact such spending has had on the Libyan dinar's value and the resulting negative effects on citizens' incomes and market confidence.
He noted that several economic experts have warned that approving an alternative budget — despite its legal violations — could directly lead to a rise in the dollar exchange rate in the parallel market, due to shaken financial confidence and increased pressure on reserves. This, in turn, threatens currency stability and the standard of living for Libyans. He said that the national and legal responsibility lies with all institutions to halt this financial spending, defend the unity of public finances, and safeguard the stability of Libya's economy and currency.
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