Riyadh: The Kingdom of Saudi Arabia, along with several other nations including Egypt, France, Germany, Italy, Qatar, Trkiye, the United Arab Emirates, the United Kingdom, and the United States, has welcomed the signing of a unified 2026 budget for Libya. This marks the first Libyan national budget in over ten years and represents a significant step towards enhancing economic coordination between the leaders of western and eastern Libya.

According to Saudi Press Agency, the full implementation of this unified budget is expected to advance Libya's financial stability. It aims to protect the value of the Libyan dinar and the purchasing power of its citizens. The budget will also facilitate the execution of development projects and international investment throughout Libya, reinforcing key technocratic institutions such as the Central Bank of Libya, the National Oil Corporation, and the Libyan Audit Bureau. Notably, this budget includes the first operational budget for the National Oil Corporation in years, with funds allocated to boost energy production and oversight measures to ensure effective use of these resources. The anticipated increase in oil and gas production is projected to enhance prosperity for Libyan citizens and international partners, while contributing to regional and global energy security.

The countries involved have reiterated their support for the United Nations Support Mission in Libya (UNSMIL) and the roadmap developed by UN Special Representative of the Secretary-General Hanna Tetteh. They have urged all stakeholders to leverage this roadmap and UNSMIL's facilitation to advance a Libyan-led political process, aiming for unified governance and national elections. They believe that increased economic integration will bolster the political process. A stable and prosperous Libya, with unified economic, military, and political institutions, is considered beneficial for all involved parties.