BAGHDAD — Iraq is paying for more of its own reconstruction but is still struggling to spend its multibillion dollar surplus as it copes with a flood of oil revenue and a cumbersome approval process meant to curb corruption, U.S. officials said Wednesday.
Iraq could finish the year with as much as a $79 billion cumulative budget surplus as oil revenues add to leftover income the Iraqis still haven't spent on national rebuilding, according to a report by the Government Accountability Office made public Tuesday.
In Washington, senators renewed calls for Baghdad to pay more for its own reconstruction, which has been heavily supported by hard-pressed American taxpayers.
FOX-News
Senator Obama believes we never should have gone to Iraq, I wonder if anyone feels they should send us their surplus? If nothing else, should the taxpayers continue to fund Iraq's national rebuilding during a financial crisis? Perhaps I'm missing how this helps us.