{"id":255929,"date":"2026-01-10T17:10:02","date_gmt":"2026-01-10T15:10:02","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=255929"},"modified":"2026-01-10T17:10:02","modified_gmt":"2026-01-10T15:10:02","slug":"ayoub-al-farisi-writes-recommendations-toward-financial-reform-and-sustainable-development","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/ayoub-al-farisi-writes-recommendations-toward-financial-reform-and-sustainable-development\/","title":{"rendered":"Ayoub Al-Farisi writes: Recommendations Toward Financial Reform and Sustainable Development"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Professor of Economics <strong>Ayoub Al-Farisi<\/strong> wrote a post titled <em>Recommendations Toward Financial Reform and Sustainable Development<\/em>, in which he stated:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To achieve sustainable growth and long-term stability in Libya, policymakers must prioritize development projects, diversify income sources away from oil, and reform wage policies to create a more balanced and resilient economy. Addressing the root causes of consumer-driven spending and political fragmentation is essential to unlocking the country\u2019s full economic potential and ensuring a prosperous future for all Libyans, through the following measures:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rebalancing public spending by gradually increasing the share of investment expenditure to at least 20% of the budget, in line with regional best practices.<\/li>\n\n\n\n<li>Implementing wage policy reforms to curb the growth of public-sector salaries, including rationalizing hiring, linking wages to performance, and expanding opportunities in the private sector.<\/li>\n\n\n\n<li>Establishing transparent, merit-based mechanisms for resource allocation to reduce the impact of quota-based politics and ensure that financial decisions support national development priorities rather than narrow interests.<\/li>\n\n\n\n<li>Diversifying the economic base by directing public investment toward non-oil sectors such as renewable energy, agriculture, and technology, thereby reducing vulnerability to oil market fluctuations.<\/li>\n\n\n\n<li>Strengthening financial planning and oversight frameworks to improve accountability, efficiency, and adaptability in public financial management.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Professor of Economics Ayoub Al-Farisi wrote a post titled Recommendations Toward Financial Reform and Sustainable Development, in which he stated: To achieve sustainable growth and long-term stability in Libya, policymakers must prioritize development projects, diversify income sources away from oil, and reform wage policies to create a more balanced and resilient economy. Addressing the root [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":255930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[636,613],"class_list":["post-255929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-economy","tag-libya"],"acf":[],"_links":{"self":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/comments?post=255929"}],"version-history":[{"count":1,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255929\/revisions"}],"predecessor-version":[{"id":255931,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255929\/revisions\/255931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media\/255930"}],"wp:attachment":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media?parent=255929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/categories?post=255929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/tags?post=255929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}