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saved byBill H on 2007-05-13

  • the

    United States
    has spent $5.1 billion of the $7.4 billion in American taxpayer money set aside to rebuild the Iraqi
    electricity
    and
    oil sectors
    . The
    United States
    has also spent $3.8 billion of Iraqi money on those sectors, the report says.

    Despite those enormous expenditures, the performance is far short of official goals, and in some cases seems to be declining further. The average output of

    Iraq
    ’s
    national electricity grid
    in 2006, for example, was 4,300 megawatts, about equal to its value before the 2003 invasion. By February of this year, the figure had fallen still further, to 3,800 megawatts, the report says.

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