Libya approves first unified budget

The unified budget is designed to streamline the management of Libya's vast oil revenues and ensure a more equitable distribution of resources across the nation.

Officials from both sides stated that the deal demonstrates the country is 'capable of overcoming its differences' to address the needs of its citizens.

The move is expected to stabilize the national economy and provide much-needed funding for infrastructure and public services that have been neglected since the 2014 civil war.

International observers have welcomed the development as a potential turning point toward a more lasting political settlement and national elections.