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Audit: Iraq Could Have $79B Surplus

HeadlineAug 06, 2008

New projections from US government auditors show high oil prices could leave the Iraqi government with a $79 billion surplus this year. Democratic Senator Carl Levin of the Senate Armed Services Committee is leading calls for the Iraqi government to begin paying a higher share of Iraq’s reconstruction costs. The US has already spent more than $40 billion on Iraqi reconstruction, with large amounts going to private American corporations.

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