Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Public aspects of medicine x
  • Public finance accounting x
Clear All Modify Search
International Monetary Fund. Fiscal Affairs Dept.
Libya faces a number of challenges to establishing a robust, efficient, and transparent public financial management system. There is a need to establish a clear macrofiscal policy framework. The Sovereign Wealth Fund (SWF) should be a financing fund system with clear and rigid inflow and outflow rules and should be based on clear and regulated investment criteria. Under the existing legal and regulatory framework, budget expenditures cannot exceed the initial ceilings specified in the annual budget law. This should be strictly enforced.