March 11, 2008
Auditors: Iraq Faces Budget Surplus
By THE ASSOCIATED PRESS
Filed at 2:30 p.m. ET
WASHINGTON (AP) — Iraq isn’t spending much of its own money, despite soaring oil revenues that are pushing the country toward a massive budget surplus, 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.” Continue reading “Really???”