The annual inflation rate returned to positive territory in May after two months of falls.

The Central Bank of Libya (CBL) says it will hold a meeting with the interim government to "discuss the large differences between revenues and expenditure" in the 2014 budget.

The 2014 budget places a range of restrictions intended to keep a deficit at a minimum level, including preventing the government from agreeing new contracts and freezing public wages.

Followings its decision to review the 2014 state budget, the Central Bank warns of "frightening" scenarios if Libya's state finances are not brought under control.

The Central Bank of Libya (CBL) says its legal department must review the recently-approved budget before issuing funds, citing concerns over the potential size of the deficit.

The General National Congress (GNC) has published details about the 2014 budget, including information about funding for different departments and lower forecasts for oil revenues.