Cost of wars in Afghanistan and Iraq to top $500 billion in 2007

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Thursday June 29, 2006

The Congressional Research Service is a non-partisan arm of Congress. Excerpts from the registration restricted article follow:.

The overall cost of the wars in Iraq and Afghanistan and other global anti-terror operations since the Sept. 11, 2001, attacks will top $500 billion next year, according to congressional estimates and expectations of future funding.

The nonpartisan Congressional Research Service said in a report that through the current fiscal year ending Sept. 30, the government will have spent $437 billion on overseas military and foreign aid funding. That includes the latest supplemental spending bill signed into law this month, which provided $69 billion for the war effort.

Add in roughly $1.5 billion in FY07 Foreign Operations funds for Iraq and Afghanistan; $50 billion in Pentagon "bridge" funds for the first half of FY07, plus as-yet-undetermined supplemental funds for the remainder of the next fiscal year, and total war-related costs will easily soar over $500 billion one year from now.

At least $37 billion or so will have gone to the State Department and the U.S. Agency for International Development for Iraq and Afghanistan reconstruction, embassy operations and other foreign aid programs. War costs alone are expected to be at least $450 billion, not including the expected supplemental request early next year.

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