Dawn Bread
WASHINGTON - Iraq is not spending much of its own money, despite soaring oil revenues that are pushing the country toward a massive budget surplus, U.S. auditors told Congress on Tuesday.
The expected surplus comes as the U.S. continues to invest billions of dollars in rebuilding Iraq and faces a financial squeeze domestically because of record oil prices.
"The Iraqis have a budget surplus," said U.S. Comptroller General David Walker. "We have a huge budget deficit. ... One of the questions is who should be paying."
Walker and the other auditors did not give a figure for the likely surplus. U.S. officials contend that Iraq's lack of spending is due primarily to Baghdad's inability to determine where its money is needed most and how to allocate it efficiently. Two senators have called for an investigation into the matter.
Democrats say the assessment is proof that the Iraq war as a waste of time and money. The U.S. has spent more than $45 billion on rebuilding Iraq. And......
View the rest of this paper...
Approximate Word Count: 511
Approximate Pages: 3 (250 words per double-spaced page)
Why should you join Frat Files?
- - It's safe, secure, and private.
- - Instant access to over 100,000 papers. New papers are added hourly.
- - Fast and reliable customer support.
Similar Essays
-
Dawn Bread
DAWN BREAD. ... MICRO-ENVIRONMENTAL ANALYSIS DAWN BREAD ¡V COMPANY PROFILE Dawn Bread
is a name that has come to signify quality and freshness in bread products. ... -
Dawn Bread
Dawn Bread. WASHINGTON - Iraq is not spending much of its own money, despite
soaring oil revenues that are pushing the country toward ... -
Online Restaurant
... RAW MATERIAL SURVEY RAW MATERIAL SURVEY The adequate material will be available
to support our project from local market suppliers like K&N, Dawn bread. ... -
A Day In The Life Of A Medieval Peasant
... I get up each morning at dawn, eat a quick breakfast of homemade bread and
ale and then I'm off to the fields for a full day of work. ... -
Daily Life Of A Peasant In Medieval Times
... I get up each morning at dawn, eat a quick breakfast of homemade bread and
ale and then I'm off to the fields for a full day of work. ...
Frat Files
Members
Information
