Internal political divisions continue to prevent the government from implementing regular budget processes, which adversely affected fiscal transparency and the country’s operations. Audit reports for large state-owned enterprises and information regarding expenditures to support executive offices were not publicly available. Libya does not yet fully use internationally accepted accounting principles. The supreme audit institution did not meet international standards of independence. It may have audited some of the government’s accounts but did not make any public reports available within a reasonable period. The government specified in law or regulation and generally appeared to follow in practice the criteria and procedures for awarding natural resource extraction contracts and licenses. Basic information on natural resource extraction awards was public. Read more from the US State Department.