Libya signs first unified budget

The central bank stated that the agreement demonstrates Libya is 'capable of overcoming its differences' despite the legacy of the 2014 civil war.

This unified fiscal plan aims to streamline public spending and ensure more equitable distribution of oil revenues across the country.

International observers have lauded the move as a potential catalyst for long-delayed national elections.

However, significant challenges remain in implementing the budget amidst ongoing security concerns and political rivalries between eastern and western factions.