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Iraq
Has a Budget Surplus We do Not
As Iraq
Surplus Rises, Little Goes Into Rebuilding
By JAMES GLANZ and CAMPBELL ROBERTSON
NYTIMES
Soaring oil prices will leave the Iraqi government with a
cumulative budget surplus of as much as $79 billion by year’s end, according to
an American federal oversight agency. But Iraq has spent only a minute
fraction of that on reconstruction costs, which are now largely borne by the United States.