Libya agrees on first unified budget since 2014

Libya's two main rival political factions, the House of Representatives (HoR) and the High Council of State (HCoS), have reached an agreement on a unified national budget. This marks the first time the country will have a single budget since 2014, when the nation fractured following the 2011 civil war. The HoR and HCoS control competing armed forces and govern different areas of the country, making this a significant step toward political and financial reconciliation. The unified budget is seen as a critical move to stabilize state finances and potentially pave the way for broader national unity.