Tripoli, December 27, 2025 – The Planning, Finance, and Public Budget Committee of the House of Representatives discussed with the Governor of the Central Bank of Libya, accompanied by the bank’s department directors, the financial arrangements related to the state’s general budget law for 2026.
This took place during the committee’s meeting at the headquarters of the House of Representatives’ office branch in Tripoli.
The meeting discussed ways to limit the expansion of public spending, focus on reducing the import budget, and improve revenues funding the state’s public treasury.
…
Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, Italians, and others, serving as a major port and cultural crossroads. Its historic core, the medina of Old Tripoli, contains ancient architecture like the Arch of Marcus Aurelius and the Red Castle (Assai al-Hamra).
House of Representatives
The House of Representatives is the lower chamber of the United States Congress, established by the Constitution in 1789. It is composed of representatives elected from congressional districts, with representation based on state population, and holds primary responsibility for initiating revenue bills.
Central Bank of Libya
The Central Bank of Libya is the country’s primary monetary authority, established in 1956 to issue currency and manage monetary policy. It has played a critical and often divisive role in Libya’s recent history, with parallel institutions emerging in the east and west during the post-2011 civil conflict.
