Iraq's New $6.4-Billion Budget Has $1.1 Billion for Construction.

Paul Bremer, the U.S. civilian chief administrator for Iraq, on July 7 earmarked $1.1 billion for reconstruction, new construction and security as part of an overall $6.4-billion national budget that will fund the country through the end of this year, as of July 14, 2003. Half of the money will come from anticipated revenue from the sale of oil exports, bolstered by frozen Iraqi assets in the U.S., seized assets of the deposed regime in Iraq and $1 billion in United Nations Oil for Food funds that have been turned over to the coalition. Beyond the budget, the U.S. is pledging an additional $3.2 billion to help with reconstruction.