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Libya's 2012 budget focuses on reconstruction

Libya's $55.3bn budget focuses on reconstruction and development

A construction project in Benghazi, Libya. The interim government's 2012 budget focuses on reconstruction and development.
A construction project in Benghazi, Libya. The interim government's 2012 budget focuses on reconstruction and development.

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Libya's interim government has approved a budget of $55.3bn for 2012, which includes funds for reconstruction and development.

The budget will allow the interim government to "put in motion plans and programmes developed by different ministers", according to government spokesman Nasser al-Manaa.

In terms of reconstruction work, 80% of the power-grid restoration had already been completed. The electrical load for the city of Kufra ahs already been restored.

Moreover, the government has agreed to complete 6,500 residential units, pending the signing of a contract, as part of its reconstruction efforts.

"We need to focus on construction and development. Hopefully, everyone will assume responsibility, and concerted effort would manage to bring about the development and stability," said al-Manaa.

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