P
PeachMonkey
Guest
http://www.boston.com/news/nation/articles/2004/10/16/iraq_audit_cant_find_billions?mode=PF
"The audit, released yesterday, found serious gaps in how the Development Fund for Iraq -- a pool of money drawn from Iraqi oil revenues and international aid, including some from the United States -- was handled by American occupation officials responsible for funding reconstruction projects and the operations of Iraqi ministries and provincial governments. The development fund is separate from the $18.4 billion in US reconstruction funds set aside last year to rebuild the country.
All the funds -- more than $5 billion -- were spent between Jan. 1 and June 28, 2004, during the period when the US-led Coalition Provisional Authority ran the country."
Of that $5 billion, over *half* cannot be accounted for.
"The audit, released yesterday, found serious gaps in how the Development Fund for Iraq -- a pool of money drawn from Iraqi oil revenues and international aid, including some from the United States -- was handled by American occupation officials responsible for funding reconstruction projects and the operations of Iraqi ministries and provincial governments. The development fund is separate from the $18.4 billion in US reconstruction funds set aside last year to rebuild the country.
All the funds -- more than $5 billion -- were spent between Jan. 1 and June 28, 2004, during the period when the US-led Coalition Provisional Authority ran the country."
Of that $5 billion, over *half* cannot be accounted for.