Decision No. 457 of 2023 Concerning the Formation of a Committee for the Transition to Accrual Accounting in the Public Sector
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Date:September 12, 2023
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No:457
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Primary Document:
Decision No. 457 of 2023 Concerning the Formation of a Committee for the Transition to Accrual Accounting in the Public Sector
Ministry of Finance
Preamble
In accordance with:
- The Constitutional Declaration issued on August 3, 2011, and its amendments.
- The Libyan Political Agreement signed on December 17, 2015.
- The Libyan Dialogue Forum held on November 9, 2020.
- The State Financial System Law and its regulations regarding the budget, accounts, and warehouses and their amendments.
- Labor Relations Law No. 12 of 2010.
- Cabinet Decision No. 68 of 2012 approving the organizational structure and competencies of the Ministry of Finance and its administrative apparatus.
- The confidence granted by the House of Representatives to the National Unity Government on March 10, 2021.
- The proposal submitted by the Director of Financial Resources Management and the Chairman of the Public Finance Reform Committee.
- The necessity dictated by the public interest.
The following has been decided:
Article 1: Formation of the Committee
A committee is formed chaired by Mr. Dr. Mustafa Mohammed Saleh Fawkle, with the following members:
- Dr. Osama Ibrahim Al-Sahai: Member
- Dr. Abubaker Abu Al-Eid or Al-Qasim: Member
- Dr. Ayad Ahmida Ashour Al-Raddad: Member
- Mr. Al-Mahdi Hassan Balqasim: Member
- Mr. Wissam Al-Saadi Al-Kilani: Member
- Dr. Abubaker Faraj Sharia: Member
- Dr. Abdusalam Mohammed Al-Oud: Member
Article 2: Tasks of the Committee
The committee formed under Article 1 of this decision shall undertake the following tasks:
- Study the requirements for transitioning to the accrual accounting basis.
- Study the experiences of countries that have adopted public sector accounting standards (IPSAS).
- Develop a vision for project management, technical stages, and timelines.
- Develop a vision for preparing the public sector for transitioning to the accrual accounting basis.
- Submit appropriate proposals and recommendations for adopting the transition.
- Submit a budget estimate for the project.
- Communicate with various government agencies and identify requirements related to project implementation.
- Study the risks associated with project implementation and submit necessary proposals.
The committee may seek assistance from anyone it deems necessary to accomplish these tasks.
Article 3: Reporting
The committee formed under Article 1 must submit its final report detailing its work results within one month from the date of this decision.
Article 4: Effective Date and Implementation
This decision shall be effective from the date of its issuance and shall be enforced by all entities concerned.
Issued on: September 12, 2023
Minister of Finance
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