TRIPOLI : Libya's parliament is set to vote on Wednesday to approve a budget for the government it appointed in March despite the incumbent administration refusing to step down, a move that may accelerate a return to parallel rule. The Central Bank of Libya (CBL), which is based in Tripoli and is the only internationally recognised depository for the country's oil revenue, finances Dbeibah's government. Under previous agreements, however, it pays salaries across Libya's political divide including to fighters on different sides of the conflict. The parliament, which appointed Bashagha prime minister, is based in the east and largely supported commander Khalifa Haftar's war against Tripoli and western factions. If the CBL in Tripoli refuses to finance Bashagha's budget after the parliament approves it, the parliament may ask the head of the eastern CBL branch to provide the funding.

Source: Libya Today June 15, 2022 06:55 UTC