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Iraq Government Has $79 Billion in Unspent Cash

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The soaring price of oil will leave the Iraqi government with a cumulative budget surplus of as much as $79 billion by year’s end. The unspent windfall, which covers surpluses from oil sales from 2005 through 2008, appears likely to put an uncomfortable new focus on the approximately $48 billion in American taxpayer money devoted to rebuilding Iraq since the American-led invasion.

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