US military fails to account for billions
A United States federal watchdog has criticised the US military for failing to account properly for billions of dollars it received to help rebuild Iraq.
The Special Inspector General for Iraq Reconstruction says the US Department of Defence cannot account for 96 per cent of the money.
The inspector says $8.7 billion of $9 billion is unaccounted for.
However the US military said the funds are not necessarily missing, but that spending records might have been archived.
The military further said that attempting to account for the money might require significant archival retrieval efforts.
This is not the first time that allegations of missing billions of dollars have surfaced in relation to the US-led invasion of Iraq and its aftermath.
In 2005, the inspector general criticised the Coalition Provisional Authority, the US-led occupation administration, for its management of an $8.8 billion fund that belonged to the Iraqi government.