Bush will not ask for more funds for Iraq reconstruction

by on January 2nd, 2006

http://www.thenewstribune.com/news/nationworld/story/5433891p-4907213c.html

The Bush administration does not intend to seek any new funds for Iraq reconstruction in the budget request going before Congress in February, officials say.

The decision signals the winding down of an $18.4 billion U.S. rebuilding effort in which roughly half of the money was eaten away by the insurgency, a buildup of Iraq’s criminal justice system and the investigation and trial of Saddam Hussein.

Just under 20 percent of the reconstruction package remains unallocated. When the last of the $18.4 billion is spent, U.S. officials in Baghdad have made clear, other foreign donors and the fledgling Iraqi government will have to take up what authorities say is tens of billions of dollars of work yet to be done merely to bring reliable electricity, water and other services to Iraq’s 26 million people.

Etalkinghead Staff