Ministry of Finance (Libya)

Overview

The Ministry of Finance of Libya (Arabic: وزارة المالية ليبيا) is the finance ministry responsible for public finances of Libya.

Ministers of Finance of the Kingdom of Libya

Mansour Qadara, 1951-1953 Abu Bakr Naama, 1953 Ali Aneizi, 1953-1955 Ismail bin Al-Amin, 1956-1958 Miftah Uraigib, 1958 Ismail bin Al-Amin, 1958-1960 Muhammad Osman Said, 1960 Salim Lutfi al-Qadi, 1960-1961 Ahmed al-Hasairi, 1961-1962 Mohamed Suleiman Burbidah, 1962-1963 Mansour bin Qadara, 1963-1964 Salim Lutfi al-Qadi, 1964 Omar Al-Baruni, 1964-1965 Salim Lutfi al-Qadi, 1965-1968 Abd Al-Hadi Qaoud, 1968-1969

Ministers of Treasury of the Libyan Arab Republic

Mahmud Suleiman Maghribi, 1969-1970 Mohamed Hulayel El Rabi'i, 1970 Umar Muhayshi, 1970 Abdessalam Jalloud, 1970-1972 Muhammad az-Zaruq Rajab, 1972-1977

Secretaries of Finance of the Great Socialist People's Libyan Arab Jamahiriya

Muhammad az-Zaruq Rajab, 1977-1981 Muhammad al-Qasim Sharlalah, 1981-1987 Muhammad al-Madani al-Bukhari, 1987-1994 Muhammad Bayt al-Mal, 1994-2001 Abd al-Salam al-Burayni, 2001-2004 Muhammad al-Huwayj, 2004-2006 Ahmed Munaysi Abd-al-Hamid, 2006-2007 Muhammad al-Huwayj, 2007-2009 Abd-al-Hafid Mahmud al-Zulaytini, March 2009 - August 2011

Ministers of Finance since 2011

Note: Several rival governments since 2014.

NTC: Ali Tarhouni, March 2011 - November 2011 NTC: Hasan Zaglam, December 2011 - October 2012 GNC: Alkilani Abdel-Qadir al-Jazi, November 2012 - March 2014 GNC: Milud Ahmed Khalifa Hamid, May 2014 - June 2014 NSG: Younis al-Barasi, September 2014 – August 2015 NSG: Osama Ben Naji, August 2015 – April 2016??? GNA: Fakhr Muftah Bufernah, April 2016 - ? GNA: Fakhir Abu Farna, ?- July 2016 GNA: Osama Hammad, November 2016 - October 2018 GNA: Faraj Boumtari, October 2018 - March 2021 HoR: Kamal Al-Hassi, September 2014 - May 2020 GNU: Khaled Al-Mabrouk Abdullah, March 2021 – March 2026 - present GNS: Osama Hamad, March 2022 - present GNU: Rashd Abokofa, March 2026 - present

Awards and Initiatives

As part of the Ministry of Finance's efforts to develop institutional performance and motivate its administrative units to adhere to professional standards and legal regulations, the Ministry launched several initiatives and competitive awards, most notably:

Ministry of Finance Annual Excellence Award: Established by Ministerial Decree No. (411) of 2024, it is an annual institutional award aimed at evaluating and honoring financial services controllerships and offices across various Libyan municipalities according to precise criteria, including governance, transparency, adherence to the documentary cycle, preparation of closing accounts, and treasury inventory within legal deadlines. Below are the names of the controllerships that achieved advanced positions in the Ministry of Finance Annual Excellence Award:

The Annual Excellence Award also witnessed the honoring of a number of leaders and employees working in the financial services controllerships, most notably:

Affiliated bodies

Several entities and institutions are affiliated with the Ministry of Finance, including:

Savings and Real Estate Investment Bank Information and Documentation Center General Company for Administrative Centers Services National Investment Company Libyan Customs Authority Libyan Tax Authority Regional Financial Services Controllerships Rural Bank Fund for the Liquidation of Public Companies and Dissolved Apparatuses

Financial Services Controllerships

The Financial Services Controllerships spread across various regions and municipalities are affiliated with the Ministry of Finance in Libya. They oversee the implementation of the general budget and monitor the financial affairs of public entities within their geographical jurisdiction, in accordance with the legislation governing the financial sector. Among these controllerships are: the financial services controllerships of Al-Shuwayrif, Al-Abyar, Al-Khums, Zintan, Bint Biyyah (or Bent Beyya), Zuetina, Musaid, Al-Hawamid, Al-Ajaylat, Suluq, Al-Bayda, Derna, Tobruk, Nalut, Tripoli, Gharyan, Sabha, and Jufra.

See also

Central Bank of Libya

External links

Ministry of the Finance of Libya (HoR)