Preparing the 2027 budget depends on financial data
LIBYA – Omar Tantoush, chair of the House of Representatives Finance Committee, has said the Speaker of the House has issued a decision to begin preparing the draft general state budget for 2027, ahead of submitting it to the House for discussion and approval.
Draft expected to be referred in December
In comments to the Fawasel platform, Tantoush said he expected the draft budget to be completed and referred to the House of Representatives in December.
Data on oil, production and financing
He explained that preparing the draft requires accurate databases at the Ministry of Finance, the National Oil Corporation and the Central Bank of Libya, covering oil prices, export revenues and production volumes, to ensure coordination between institutions and to set financial estimates for next year.
