Decision No. 831 of 2022: Amendment to Ministry of Finance Organizational Structure

The Council of Ministers adds a new competency to the Ministry of Finance Budget Department. The new provision requires the Budget Department to prepare financing authorizations for state administrative units before the Treasury Department can issue payment instruments. This formalizes an additional bureaucratic step in the government expenditure process.

This is an internal administrative change with minimal direct impact on foreign investors. However, it adds a formal procedural layer to government spending authorization, potentially affecting payment timelines for contractors and suppliers working with Libyan government entities. Companies with public sector contracts should anticipate possible delays in payment processing as this additional approval step is implemented across administrative units.