State Council member Mansour Al-Hasadi stated that the economic and financial situation in Libya has become clear to everyone, amid governmental and institutional division, the spread of corruption, and the waste of public funds, considering that the continuation of this reality threatens the country’s financial stability.
Al-Hasadi explained, in special statements to “Al-Masar” television, that there is spending occurring outside the framework of the budget law, which deepens the financial gap and increases the state of chaos in public finance management. He noted that this imbalance negatively impacts the performance of economic institutions and the daily lives of citizens.
He pointed to the serious repercussions resulting from the incident of storming the Central Bank, considering it an unprecedented development that could undermine confidence in monetary institutions and increase the fragility of the country’s financial sector.
Al-Hasadi stressed the necessity of the Governor of the Central Bank of Libya appearing before the House of Representatives to present the key measures taken and the challenges facing the bank during this sensitive stage. He affirmed that accountability and transparency are essential to restore financial discipline and protect the national economy.