U.S. taxpayers rebuilding an Iraq flush with oil cash

08/6/2008 | International Herald Tribune

Record oil prices are swelling the Iraqi government's treasury, but it remains the U.S. that pays to rebuild the country's infrastructure. Iraq is expected to end the year with a budget surplus of as much as $79 billion, the Government Accountability Office said. But only a tiny fraction of that is spent on reconstruction. The governor of the Central Bank of Iraq said security problems and a shortage of expertise in Iraqi ministries were holding back the government's rebuilding efforts.

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