VOL. XLIII

No. 06

7-February-2000

LIBYA

Libyan Leader Rejects Year 2000 Budget And Calls For More Investment Spending

In a sudden focus on sound economic management, Libyan leader Mu'ammar Qadhafi has rejected the countrys year 2000 budget describing it as a "great treason," and subsequently dismissing his entire cabinet. Col Qadhafis move on 28 January was reportedly a response to the disproportionately high allocation to current expenditures rather than capital outlay.

AFP reported that Col...