The good news: The Bush administration does not intend to seek any more funds for Iraq reconstruction than the $18.4 billion already allocated.
The bad news: Documents show that much of the $18.4 billion of funding allocated to date to rebuild Iraq has been diverted, and spent on military and security purposes.
Yes, roughly half of the reconstruction money has been eaten away.
So the fledgling Iraqi government will now somehow have to come up tens of billions of dollars of work yet to be done merely to bring reliable electricity, water and other services to Iraq's 26 million people.
No comments:
Post a Comment