Global war on terror may cost US 808 billion dollars by 2016
-27/09/06
According to a
Global war on terror may cost US 808 billion dollars by 2016
-27/09/06
According to a Congressional Research Service (CRS) report released September 22, when the Fiscal Year 2007 Defence Appropriations Bill is adopted this week, total war appropriations for Iraq, Afghanistan and the Global War on Terrorism will reach around 507 billion US dollars.
The report estimates that when all funding is completed for fiscal year 2007, the total costs of the wars will reach 549 billion US dollars, writes John Isaacs, president, Council for a Livable World, in a circular which has gone round to the National Council of Churches USA and other leading faith groups.
Monthly costs for the war in Iraq are about 6.4 billion dollars while the war in Afghanistan costs 1.3 billion dollars a month.
The Pentagonís annual war funding rose from some 73 billion US dollars in fiscal year 2004 to 102 billion dollars in fiscal year 2005, 118 billion dollars in fiscal year 2006, but is projected by the Office of Management and Budget to drop to 110 billion dollars in fiscal year 2007.
The Congressional Budget Offices also indicated, however, that there could be an additional 371 billion US dollars in war costs between fiscal years 2007 and 2016. Adding these additional funds, total funding for the wars could reach 808 billion dollars by 2016.
The full report is entitled: ëThe Cost of Iraq, Afghanistan, and Other Global War on Terror Operations Since 9/11í, updated on 22 September, 2006.
Faith, peace and justice organizations and networks have pointed out that military expenditure of this order is an unforgivable waste of resources, given that so many of the underling problems of poverty and injustice in the world today fester unresolved.
Global war on terror may cost US 808 billion dollars by 2016
-27/09/06
According to a Congressional Research Service (CRS) report released September 22, when the Fiscal Year 2007 Defence Appropriations Bill is adopted this week, total war appropriations for Iraq, Afghanistan and the Global War on Terrorism will reach around 507 billion US dollars.
The report estimates that when all funding is completed for fiscal year 2007, the total costs of the wars will reach 549 billion US dollars, writes John Isaacs, president, Council for a Livable World, in a circular which has gone round to the National Council of Churches USA and other leading faith groups.
Monthly costs for the war in Iraq are about 6.4 billion dollars while the war in Afghanistan costs 1.3 billion dollars a month.
The Pentagonís annual war funding rose from some 73 billion US dollars in fiscal year 2004 to 102 billion dollars in fiscal year 2005, 118 billion dollars in fiscal year 2006, but is projected by the Office of Management and Budget to drop to 110 billion dollars in fiscal year 2007.
The Congressional Budget Offices also indicated, however, that there could be an additional 371 billion US dollars in war costs between fiscal years 2007 and 2016. Adding these additional funds, total funding for the wars could reach 808 billion dollars by 2016.
The full report is entitled: ëThe Cost of Iraq, Afghanistan, and Other Global War on Terror Operations Since 9/11í, updated on 22 September, 2006.
Faith, peace and justice organizations and networks have pointed out that military expenditure of this order is an unforgivable waste of resources, given that so many of the underling problems of poverty and injustice in the world today fester unresolved.