TRIPOLI, May 4 (Xinhua) -- Prime Minister of Libya's Government of National Unity, Abdul Hamid Dbeibah, announced on Monday the approval of a unified national budget, the first of its kind in 13 years.
The announcement was made during Dbeibah's address at the second regular cabinet meeting of 2026, held in Qasr Al-Akhyar municipality, about 75 km east of the capital Tripoli. He noted that the adoption of the unified budget was based on the so-called "2+2 agreement."
The "2+2 agreement" refers to a deal signed last April by two representatives from the eastern-based House of Representatives and two from the Tripoli-based High Council of State, concerning unified public spending through the Central Bank of Libya.
The agreement marks the first consensus on unified national expenditure across Libya in more than 13 years.
According to the figures disclosed, the unified budget allocates 73.36 billion Libyan dinars (about 11.58 billion U.S. dollars) for salaries, 10 billion dinars for operational expenses, and 44 billion dinars for subsidies.
On April 11, Libya's Central Bank Governor Naji Issa announced that the House of Representatives and the High Council of State had reached an agreement to unify public spending through a single budget.
Since the 2011 fall of longtime leader Muammar Gaddafi, Libya has been split between the UN-recognized government in Tripoli and the eastern administration backed by the Libyan National Army. ■