NTC financial chief stresses transparency

TRIPOLI - Libya's ruling National Transitional Council (NTC) will treat transparency as a priority in its future economic work in the worn-torn country, a finance official from the NTC executive office said Tuesday.

At a press conference in the capital Tripoli, NTC oil and finance chief Ali Tarhouni said they will publish a 150-page report on the financial situation of the executive office which shows the usage of every penny of its revenues.

Tarhouni stressed that transparency is not "what we speak in speech, but a conducting business."

He said that during the rule of fallen leader Muammar Gaddafi, Libya ranked low in international transparency organizations -- a result of financial and administrative corruption.

Meanwhile, on the old contracts and deals that Libya has signed with other countries, Tarhouni said a specialized committee will be set up to work on them to have necessary audition, while the current priority is to provide Libyans with basic living materials such as fuel and to treat the wounded.