US has spent over $600 billion on wars since 9/11

By Xinhua

The US has spent $610 billion on the wars in Iraq and Afghanistan and on protecting its bases worldwide since the Sep 11, 2001 terrorist attacks, a report released by the Congressional Research Service (CRS) said.

The Bush administration spends on an average $12 billion a month on the wars in Iraq and Afghanistan, according to the report by the CRS, an independent research agency that provides research and analysis to lawmakers.

Ten of the 12 billion dollars was spent for Iraq and nearly two billion for Afghanistan, plus other minor costs. So far Iraq has accounted for $450 billion, and in fiscal year 2007 alone, about $165.8 billion have been spent on Iraq, a rise of 40 percent from last year.

If the administration’s war funding requests for fiscal 2008 were granted in full, the total war spending would rise to $758 billion, with $567 billion spent on Iraq, according to the report.

The report forecast a total spending of $1.4 trillion on the war on terrorism by 2017.

RSS TrackBack URL

Translate: