8/6/2008

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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