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Iraq Watchdog Looks Back on Years of Reconstruction Waste
Truthdig: Drilling Beneath the Headlines —
... , the special inspector general for Iraq reconstruction, has released a new volume in his series of blood-boiling reports. ...
Iraq Watchdog Looks Back on Years of Reconstruction Waste
The Hollywood Liberal —
... , the special inspector general for Iraq reconstruction, has released a new volume in his series of blood-boiling reports. Looking back on his five years as a watchdog, Bowen laments the widespread waste of taxpayer funds in Iraq, and warns that the same mistakes are being made in Afghanistan. BBC: On his first trip to Iraq, he says in the report, he observed large quantities of cash moving out of the office of the comptroller for the Coalition Provisional Authority, after which he overheard someone say: “We can’t do that anymore. There is a new inspector general here.” Mr ...
Iraqi Budgets and the lack of hedging
Newshoggers.com —
... to sell oil at $70 per barrel for this fiscal year. Those contracts were engaged when oil was above $100. This hedge has given Mexico some fiscal breathing room and stability in its budgeting process. It does not appear that Iraq has engaged in such a hedging strategy so their budget is much less stable and predictable.
Musings on Iraq has been following the Iraqi government budget process and has a couple of very interesting points to make:
The original 2009 budget was set at $79.8 billion, but now is at $62.8 billion, a $17 ...
