| Financial Cost Of The 2003 Iraq Conflict |
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U.S. WAR COSTS As of September 29 2006 , around $374.5 Billion has been allocated by the U.S. Congress for the Iraq war.1 Also, around $418 billion has been spent as of April 19, 2007, based on current expenditure rates. "National Priorities Project - Cost of War" .
The current rate of U.S. expenditure in Iraq is approximately $10 billion a month. http://www.guardian.co.uk/worldlatest/story/0,,-6767533,00.html Joseph Stiglitz , former chief economist of the World Bank and winner of the Nobel Prize In Economics , has suggested the total costs of the Iraq War on the US economy will be $1 Trillion in a conservative scenario and could top $2 trillion in a moderate one.3 The Congressional Research Service recently estimated weekly spending at almost $2 billion per week, and that total expenditures have now topped half a trillion dollars.4 Additionally, the extended combat and equipment loss have placed a severe financial strain on the U.S Army, causing the elimination of non-essential expenses such as travel and civilian hiring.56 Long term Iraq War health care costs A recent study indicated that the long term health care costs for wounded Iraq war veterans could range from $250 billion to $650 billion.http://www.journalnow.com/servlet/Satellite?pagename=WSJ%2FMGArticle%2FWSJ_BasicArticle&c=MGArticle&cid=1173351760178&path=!nationworld&s=1037645509161 that crashed on September 21 , 2004 ]] Military equipment lost The U.S. has lost a number of pieces of military equipment during the war. This total is approximate and includes those vehicles lost in non-combat-related accidents. Combat losses: Land equipment7
Combat losses: Air equipment See Also: List of Coalition aircraft crashes in Iraq
In June 2006, the Army said that the cost of replacing its depleted equipment tripled from that of 2005.10 As of December 2006, according to government data reported by the '' December 5, 2006. U.K. WAR COSTS As of March 2006, approximately £4.5 billion had been spent by the United Kingdom in Iraq. All of this money has come from a government fund called the "Special Reserve" which has a current allocation of £7.4 billion.1112 It is not known how much more money has been spent by other members of the coalition; however, the US's share of the cost is by far the largest. REFERENCES |
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