Tuesday, July 27, 2010

Audit: US cannot account for $8.7B in Iraqi funds

Have you checked your other pants pocket?

Amplify’d from news.yahoo.com

BAGHDAD – A U.S. audit has found that the Pentagon cannot account for over 95 percent of $9.1 billion in Iraq reconstruction money, spotlighting Iraqi complaints that there is little to show for the massive funds pumped into their cash-strapped, war-ravaged nation.

The $8.7 billion in question was Iraqi money managed by the Pentagon, not part of the $53 billion that Congress has allocated for rebuilding. It's cash that Iraq, which relies on volatile oil revenues to fuel its spending, can ill afford to lose.

Read more at news.yahoo.com
 

No comments: