Financial Statistics
Over US$65 billion worth of Iraqi oil was sold on the world market. About US$46 billion of these funds were intended to provide for the humanitarian needs of Iraqi people such as food and medicine in the context of international economic sanctions. A considerable amount was spent for Gulf War reparations through a compensation fund (25 percent since December 2000); UN administrative and operational costs for the programme (2.2 percent) and costs for the weapons inspection programme. Internal audits have not been made public.
Read more about this topic: Oil-for-Food Programme
Famous quotes containing the words financial and/or statistics:
“In full view of his television audience, he preached a new religion—or a new form of Christianity—based on faith in financial miracles and in a Heaven here on earth with a water slide and luxury hotels. It was a religion of celebrity and showmanship and fun, which made a mockery of all puritanical standards and all canons of good taste. Its standard was excess, and its doctrines were tolerance and freedom from accountability.”
—New Yorker (April 23, 1990)
“O for a man who is a man, and, as my neighbor says, has a bone in his back which you cannot pass your hand through! Our statistics are at fault: the population has been returned too large. How many men are there to a square thousand miles in this country? Hardly one.”
—Henry David Thoreau (1817–1862)