Libyan Prime Minister Aldabaiba unveils 2026 unified budget of LD 167.36 billion
via Libya Herald1 min read
Prime Minister Abd Alhamid Aldabaiba announced Libya's new unified 2026 budget during a Cabinet meeting in Qaser Al-Akhyar. The total budget is LD 167.36 billion, allocated across four chapters: LD 73.36 billion for salaries, LD 10 billion for operational expenses, LD 44 billion for subsidies, and LD 40 billion for development projects. Aldabaiba emphasized the government's responsibility to alleviate citizen suffering and improve living standards by directing resources effectively. He highlighted the importance of development projects for all Libyans and thanked the US Treasury Department and Advisor Paul for their role in the US-brokered Unified Development Agreement. Salaries will be disbursed through a single budget line item, contingent on structural reforms and a unified system to eliminate duplication. Central spending within development includes electricity, textbooks, students abroad, passports, and faculty bonuses, with all projects presented in a single table for executive bodies and funds.
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