In a stern and deliberate rebuke,Libya’s Prime Minister Abdul Hamid Dbeibah has called on House of Representatives (HoR) Speaker Aqila Saleh to disclose the fate of over 100 billion Libyan dinars reportedly expended outside the confines of the official State budget over the last two years.
Speaking during a high-level meeting with members of the High Council of State in Tripoli on June 2,Dbeibah underscored his Government’s outright rejection of what he termed “parallel financial chaos,” warning that such practices undermine institutional integrity and inflict long-term damage on Libya’s fragile economy.
Dbeibah lamented that public funds,disbursed through opaque and extralegal channels,have not translated into tangible benefits for ordinary Libyans. Instead,he argued,inflated and duplicated project costs—often attributed to initiatives linked with the eastern-based “Libya Development and Reconstruction Fund” under Belgassim Haftar—have only served to deepen public debt and erode household incomes. He questioned the merit of development projects executed outside the state’s unified financial framework,asking pointedly,“What is the value of a project twice overpriced,if the repayment robs citizens of their livelihoods through debt servicing?”
Reiterating his demand for clarity,Dbeibah warned that continued fiscal unilateralism—marked by alternative budgets and unsanctioned expenditure—risks destabilizing the Libyan dinar and triggering a spike in parallel market exchange rates. Such fiscal mismanagement,he noted,threatens to unravel the already tenuous confidence in state institutions and could precipitate a broader economic crisis. He called on all national bodies to assume their legal and patriotic responsibility to preserve the unity of public finances,ensure accountability,and protect the economic well-being of the Libyan people. Through his pointed challenge to Saleh,Dbeibah framed transparency not as a political luxury but as a national imperative.
United News - unews.co.za