Libya’s Rival Govt Draws Up $13B Budget Amid Oil Revenue Clash ...Middle East

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Libya’s Rival Govt Draws Up $13B Budget Amid Oil Revenue Clash
source : OILPRICE ( Middle East ) () 906
Libya's eastern-based parliament has approved a 69 billion Libyan dinar ($12.7 billion) budget for its Development and Reconstruction Fund, overseen by Belgassim Haftar, son of eastern military commander Khalifa Haftar.  The fund is intended to finance infrastructure projects over the next three years, but is sparking major political backlash in the midst of a brewing crisis that has seen armed clashes in Tripoli in May and June, risking all-out civil war.  A group of 113 members of the House of Representatives (HoR) have urged Speaker…

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