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Takala discusses the oil file and a unified budget for 2026 with Qaderbouh.

Pulbished on:

Tripoli, January 6, 2026 (LANA) – The President of the High Council of State, Mohamed Takala, met today, Tuesday, with the Head of the Administrative Control Authority, Abdullah Qaderbouh, to discuss the state's general budget for 2025. They reviewed the challenges and difficulties encountered in implementing public spending items under the current economic and financial circumstances, as well as the observations noted in the Authority's reports.

The meeting also addressed the possibility of initiating early discussions regarding the 2026 budget, with the aim of preparing a unified general budget in accordance with the budget law. This would enhance financial discipline, unify the institutional processes related to public finance management, and strengthen financial and administrative oversight mechanisms, including the monitoring of contracts implemented in accordance with applicable legislation.

The two sides also discussed increasing oil production rates, monitoring the performance of the National Oil Corporation, and ways to support it in raising production levels to contribute to increased oil revenues, given the oil sector's role as a primary resource and a fundamental pillar of the Libyan economy.

The meeting addressed the procedures related to oversight work, and the importance of strengthening the role of oversight bodies in monitoring public spending and ensuring transparency and good management of resources, in a way that serves the public interest and preserves public funds.