RealNews

US audit finds State Dept. hid cost of Iraqi projects

The US State Department used an accounting shell game to hide construction cost overruns on its projects to rebuild Iraq, a US newspaper reported, citing a US government audit. The US Agency for International Development (USAID), the State Department agency in charge of 1.4 billion dollars in reconstruction money in Iraq, hid the cost overruns by listing them as overhead or administrative costs, according to the audit written by the Special Inspector General for Iraq Reconstruction and released late Friday, The New York Times said. Full Story

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