08/30/11

Permalink $30 billion wasted in Iraq and Afghanistan contracts over a decade

The commission on wartime contracting blamed an over-reliance on contractors, poor planning and fraud for the waste. It had evidence of lax accountability and inadequate competition, it said. Writing in the Washington Post, the report's authors warn that investments in the two countries could be wasted even after US involvement there ends. Among the examples cited was a $40m prison for Iraq that the country did not want and was never completed. US-funded projects in those two countries also risk going to waste because host governments are unable or unwilling to sustain them.

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