The Supreme Financial Committee convened its second meeting on Wednesday at the National Oil Corporation headquarters in Tripoli, chaired by the President of the Presidential Council, Mohammed Menfi.
According to a statement released after the meeting, the committee approved its internal regulations and reviewed proposals from sub-committees focused on identifying issues and solutions related to public expenditure.
Formed through Presidential Council Decree No. 18 earlier this year, the cross-party Supreme Financial Committee aims to conduct an in-depth study of Libya’s finances and provide recommendations to address economic challenges.
While exact details of the discussions were not revealed, the meeting signals continued efforts to shore up Libya’s fiscal situation after years of instability. Approving the committee’s governing procedures and advancing proposals on public spending mark incremental but meaningful progress, analysts say.