Osama Hammad Reviews 2025 Budget with Libyan Parliament
Libya's Prime Minister of the Parliament-designate government, Osama Hammad, met with members of the House of Representatives in Benghazi to discuss the proposed unified state budget for 2025.
The meeting was held at the House of Representatives' headquarters and included key figures from the Committee on Planning, Finance and the General Budget. Among those present were committee chairman Omar Tantoush, deputy chair Mahdi Al-Aour, rapporteur Amer Omran, and other members. Also attending was Zayed Hadiya, head of the Committee for Oversight Bodies.
The talks focused on the draft budget submitted by the Hammad-led government. Discussions aimed to align the legislative and executive branches to ensure the budget meets national needs while promoting fiscal efficiency and transparency.
Prime Minister Hammad emphasised the importance of drafting a budget that guarantees transparency and fairness in resource allocation. He called for accelerating the approval process to strengthen financial stability and support Libya's economic recovery.
The meeting also included representatives from the Ministry of Planning and Finance: Ahmed Al-Hassi, Azeldin Al-Menfi, and Fathi Al-Toumi. The Prime Minister's Public Affairs Adviser was also in attendance.
Hammad stressed the government's commitment to preparing a realistic and equitable budget that addresses urgent public service demands and improves spending efficiency. The session underscored the growing cooperation between Libya's legislative and executive institutions, amid ongoing efforts to stabilise public finances.
The Parliament-designate government continues to seek broader consensus on national fiscal policy, especially as Libya faces mounting economic and political challenges. Tags: libyaLibyan PMNational BudgetOsama Hammadparliament
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Libya Review
6 hours ago
- Libya Review
Libyan PM Praises Army's Role in Reconstruction
Libya's Prime Minister-designate, Osama Hammad, opened the third regular Cabinet meeting of 2025 in the city of Derna, commending the ongoing reconstruction and development efforts in areas devastated by the 2023 floods caused by Storm Daniel. Speaking from Derna, Hammad described the city as a 'symbol of resilience and sacrifice' that overcame terrorism thanks to the Libyan Armed Forces and loyal citizens, and is now facing the aftermath of natural disaster with determination. He praised the Libyan Army's role not only in national defense but also in rebuilding critical infrastructure. Hammad highlighted several completed and ongoing strategic projects led by the Libya Reconstruction and Development Fund, covering the eastern, southern, and parts of western Libya. He emphasised that the rebuilding of Derna requires a unique approach, given the human and material losses suffered during the floods. The Prime Minister also paid tribute to the Libyan military, praising their efforts in developing training bases—such as the Field Marshal Khalifa Haftar Military City—and raising operational readiness. He lauded the army's role in securing Libya's borders and fighting human trafficking and smuggling. Hammad extended thanks to Greece for its assistance during the Storm Daniel crisis, which included humanitarian aid, rescue teams, and medical support. He also acknowledged Greece's cooperation on issues like illegal migration and bilateral diplomatic ties. However, he expressed concern over a recent Greek announcement dated June 12, 2025, inviting international tenders for hydrocarbon exploration in maritime zones south of Crete. Hammad stated that part of the proposed area overlaps Libya's Exclusive Economic Zone (EEZ), and asserted Libya's right to explore and utilize its resources under the 1982 United Nations Convention on the Law of the Sea (UNCLOS). To address this issue, Hammad confirmed that the Libyan government has referred its maritime boundary agreement with Turkey to the House of Representatives for consideration. Additionally, a special committee was formed under Cabinet Resolution No. 122 (2025) to review maritime boundaries in the EEZ and all related agreements signed since 2002. Tags: DernalibyaLibyan armyOsama Hammad
Libya Review
4 days ago
- Libya Review
EU & Libya Discuss Economic Crisis
European Union Ambassador to Libya Nicola Orlando held a productive meeting in Tripoli yesterday with Central Bank Governor H.E. Naji Issa to discuss Libya's mounting economic challenges. During the discussions, Orlando emphasized the urgent need for currency stability and inflation control amid rising public expenditures. Both agreed on the essential role of fiscal responsibility across institutions and highlighted the necessity for the House of Representatives to adopt a unified, transparent, and accountable public spending framework. The meeting reaffirmed the critical importance of safeguarding the independence, integrity, and effectiveness of Libya's economic and regulatory institutions—starting with the Central Bank. Orlando stated that this institutional strength is vital for the country's future economic resilience. This high-level engagement comes amid broader EU-supported efforts through the Berlin Process and initiatives backed by institutions like UNSMIL and the Central Bank to push for systemic financial reforms and foster a unified national budget—an essential step toward stabilizing Libya's economy. The EU ambassador's visit reflects increasing global diplomatic backing for Libya's economic reform agenda, with the aim of building trust in financial governance, combating inflation, and ensuring long-term economic sustainability. Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations. Libya's economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya's economy. The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions. The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition. Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges. Tags: cbleulibyaNicola Orlandounsmil
Libya Review
4 days ago
- Libya Review
Belgassem Haftar Presents Libya's Reconstruction Budget to Ageela Saleh
On Tuesday, the Director General of the Libyan Reconstruction and Development Fund, Belgassem Haftar, met with House of Representatives Speaker Ageela Saleh to present detailed explanations regarding the fund's proposed budget and long-term development strategy. The meeting took place at Saleh's residence in the city of Qubba. According to Saleh's media office, Haftar outlined the fund's budget framework along with its sustainable development plan for the years 2025, 2026, and 2027. The discussion followed a separate session held on Monday between Haftar and members of a parliamentary committee tasked with reviewing the fund's financial and operational plans. The committee was formed under Resolution No. 1 of 2025. During the meeting, Saleh expressed appreciation for Haftar's efforts and praised the work of the Reconstruction Fund team. He voiced confidence in their ability to deliver on national priorities through a coordinated program of reconstruction and development across various Libyan cities and regions. Parliamentarian Saleh Afhema, a member of the committee, confirmed that the group reached an agreement with Haftar to include feedback from representatives of all electoral districts in the final version of the fund's budget and plan. The committee session also included Hatem Al-Araibi, the fund's project director, and was held at the House of Representatives headquarters in Benghazi. The discussions come amid growing political tension surrounding the parliamentary session held on June 3 in Benghazi, during which lawmakers unanimously approved the Reconstruction Fund's development budget. Shortly afterward, 115 members of parliament submitted a formal request challenging the legality of the vote, arguing that key procedures were not followed before the approval. Despite the dispute, the fund continues to function under Haftar's leadership and is moving forward with its mandate to implement major reconstruction projects across Libya. Tags: Belgassem HaftarBudgetlibyaParliament SpeakerReconstruction
