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Five Years of War on Terror Has Cost $437 Billion
The cost of the war on terror will reach $437 billion by the end of Fiscal Year 2006 on Sept. 30, according to the Congressional Research Service.In a recent report, CRS said current spending plans through the end of Fiscal 2006 will stand at $436.8 billion in military and foreign aid expenses attributable to the war on terror. That total includes $7.1 billion in 2003 funding that may or may not have been spent on war expenses, the report notes. The total includes $69 billion in additional dollars from the latest supplemental funding bill. War costs are rapidly approaching half a trillion dollars, as the above totals do not include $50 billion in supplemental bridge funding that is expected early in Fiscal 2007. Measuring total budget authority for defense operations, reconstruction, security enhancements, foreign aid, and new veterans benefits since 9/11, CRS reports the cost of the war has increased annually. Operations Noble Eagle, Enduring Freedom, and Iraqi Freedom cost $31.4 billion in 2001 and 2002; $81.2 billion in Fiscal 2003; $94.3 billion in Fiscal 2004; $107.2 billion in Fiscal 2005; and $122.2 billion this year. Iraq has consumed the lions share of the funding: $318.5 billion. The OEF cost has come to $88.2 billion, and enhanced security since 9/11 has required $26.2 billion. CRS said it was unable to locate the destination for $3.9 billion in Fiscal 2003 dollars. Posted by: ed 2006-08-12 |
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