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The following is a partial accounting of financial costs of the 2003 Iraq War by the United States and the United Kingdom, the two largest non-Iraqi participants of the multinational force in Iraq.
The costs of the Iraq War are often contested, as academics and critics have unearthed many hidden costs not represented in official estimates. The most recent major report on these costs come from Brown University in the form of the Costs of War, which totaled just over $1.1 trillion. The United States Department of Defense's direct spending on Iraq totaled at least $757.8 billion, but also highlighting the complementary costs at home, such as interest paid on the funds borrowed to finance the wars.
Those figures are dramatically higher than typical estimates published just prior to the start of the Iraq War, many of which were based on a shorter term of involvement. For example, in a March 16, 2003 Meet the Press interview of Vice President Dick Cheney, held less than a week before the Iraq War began, host Tim Russert reported that "every analysis said this war itself would cost about $80 billion, recovery of Baghdad, perhaps of Iraq, about $10 billion per year. We should expect as American citizens that this would cost at least $100 billion for a two-year involvement." [1]
According to a Congressional Budget Office (CBO) report published in October 2007, the US wars in Iraq and Afghanistan could cost taxpayers a total of $2.4 trillion by 2017 including interest. The CBO estimated that of the $2.4 trillion long-term price tag for the war, about $1.9 trillion of that would be spent on Iraq, or $6,300 per US citizen. [7] [8] A CRS report (conducted after the 2010 end of combat operations and 2011 withdrawal) was released in December 2014. It placed the cost of the war operations in Iraq as of January 1, 2014, at $815 billion out of the total $1.6 trillion approved by Congress since September 2001. [9]
Joseph Stiglitz, former chief economist of the World Bank and winner of the Nobel Prize in Economics, and Linda Bilmes, a Harvard University professor and former official at the U.S. Department of Commerce, have stated the total costs of the Iraq War on the US economy will be three trillion dollars in a moderate scenario, described in their book about the budgetary and economic costs of the war The Three Trillion Dollar War and possibly more in a study published in March 2008. [10] Stiglitz has stated: "The figure we arrive at is more than $3 trillion. Our calculations are based on conservative assumptions...Needless to say, this number represents the cost only to the United States. It does not reflect the enormous cost to the rest of the world, or to Iraq." [10]
A 2013 updated study [11] pointed out that US medical and disability claims for veterans after a decade of war had risen to $134.7 billion from $33 billion two years earlier.
The extended combat and equipment loss have placed a severe financial strain on the US Army, causing the elimination of non-essential expenses such as travel and civilian hiring. [12] [13]
In 2020, Neta Crawford, chair of the political science department at Boston University, in her Costs of War Project, estimated the long term cost of the Iraq War for the United States at $1.922 trillion. This figure includes not only funding appropriated to the Pentagon explicitly for the war, but spending on Iraq by the State Department, the healthcare of Iraq War veterans, and the interest expense on debt incurred to fund 17 years of U.S. military involvement in the country. [14]
The US has lost a number of pieces of military equipment during the war. The following statistics are from the Center for American Progress; [15] and they are only approximations that also include vehicles lost in non-combat-related accidents as of 2006.
In June 2006, the Army said that the cost of replacing its depleted equipment tripled from that of 2005. [18] As of December 2006, according to government data reported by The Washington Post , the military stated that nearly 40% of the army's total equipment has been to Iraq, with an estimated yearly refurbishment cost of $US 17 billion. The military states that the yearly refurbishment cost has increased by a factor of ten compared to that of the pre-war state. As of December 2006 approximately 500 M1 tanks, 700 Bradley Fighting Vehicles and 1000 Humvees are awaiting repair in US military depots. [19]
In September 2007, the Congressional Budget Office produced a report outlining the Army's Reset Program [20] and included some combat loss numbers.
As of March 2006, approximately £4.5 billion ($6.8 billion) had been spent by the United Kingdom in Iraq. This came from a government fund called the "Special Reserve" which at the time had a balance of £7.4 billion ($10.14 billion). [21] [22] According to the Ministry of Defence, the total cost of UK military operations in Iraq from 2003 to 2009 was £8.4bn. [23]
Official calculations stated that the Iraq and Afghanistan wars combined cost £20.3 billion (up to but not beyond June 2010). [24]
The High Mobility Multipurpose Wheeled Vehicle is a family of light, four-wheel drive, military trucks and utility vehicles produced by AM General. It has largely supplanted the roles previously performed by the original jeep, and others such as the Vietnam War-era M151 Jeep, the M561 "Gama Goat", their M718A1 and M792 ambulance versions, the Commercial Utility Cargo Vehicle, and other light trucks. Primarily used by the United States military, it is also used by numerous other countries and organizations and even in civilian adaptations. The Humvee saw widespread use in the Gulf War of 1991, where it navigated the desert terrain; this usage helped to inspire civilian Hummer versions. The vehicle's original unarmored design was later seen to be inadequate, and was found to be particularly vulnerable to improvised explosive devices in the Iraq War. The U.S. hastily up-armored select models and replaced front-line units with the MRAP. Under the Joint Light Tactical Vehicle (JLTV) program, in 2015 the U.S. Army selected the Oshkosh L-ATV to replace the vehicle in front-line U.S. military service.
The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security holders. The national debt at any point in time is the face value of the then-outstanding Treasury securities that have been issued by the Treasury and other federal agencies. The terms "national deficit" and "national surplus" usually refer to the federal government budget balance from year to year, not the cumulative amount of debt. In a deficit year the national debt increases as the government needs to borrow funds to finance the deficit, while in a surplus year the debt decreases as more money is received than spent, enabling the government to reduce the debt by buying back some Treasury securities. In general, government debt increases as a result of government spending and decreases from tax or other receipts, both of which fluctuate during the course of a fiscal year. There are two components of gross national debt:
The Stryker is a family of eight-wheeled armored fighting vehicles derived from the Canadian LAV III, itself derived from the Swiss Mowag Piranha. Stryker vehicles are produced by General Dynamics Land Systems-Canada (GDLS-C) for the United States Army in a plant in London, Ontario. It has four-wheel drive (8×4) and can be switched to all-wheel drive (8×8).
Investment in post-2003 Iraq refers to international efforts to rebuild the infrastructure of Iraq since the Iraq War in 2003. Along with the economic reform of Iraq, international projects have been implemented to repair and upgrade Iraqi water and sewage treatment plants, electricity production, hospitals, schools, housing, and transportation systems. Much of the work has been funded by the Iraq Relief and Reconstruction Fund, and the Coalition Provisional Authority.
Lawrence B. Lindsey is an American economist and author. He was director of the National Economic Council (2001–2002), and the assistant to the president on economic policy for George W. Bush. Lindsey previously served as a member of the Federal Reserve Board of Governors from 1991 to 1997, nominated to position by President George H. W. Bush. During his time with George W. Bush administration he played a leading role in formulating President Bush's $1.35 trillion tax cut plan, convincing candidate Bush that he needed an "insurance policy" against an economic downturn. He left the White House in December 2002 and was replaced by Stephen Friedman after a dispute over the projected cost of the Iraq War. Lindsey estimated the cost of the Iraq War could reach $200 billion, while Defense Secretary Donald Rumsfeld estimated that it would cost less than $50 billion. The overall cost of the Iraq War has been estimated by the Congressional Budget Office to be approximately $2.4 Trillion.
The military budget of the United States is the largest portion of the discretionary federal budget allocated to the Department of Defense (DoD), or more broadly, the portion of the budget that goes to any military-related expenditures. The military budget pays the salaries, training, and health care of uniformed and civilian personnel, maintains arms, equipment and facilities, funds operations, and develops and buys new items. The budget funds six branches of the US military: the Army, Navy, Marine Corps, Coast Guard, Air Force, and Space Force.
The U.S. rationale for the Iraq War has faced heavy criticism from an array of popular and official sources both inside and outside the United States. Putting this controversy aside, both proponents and opponents of the invasion have also criticized the prosecution of the war effort along a number of lines. Most significantly, critics have assailed the U.S. and its allies for not devoting enough troops to the mission, not adequately planning for post-invasion Iraq, and for permitting and perpetrating widespread human rights abuses. As the war has progressed, critics have also railed against the high human and financial costs.
Future Combat Systems (FCS) was the United States Army's principal modernization program from 2003 to early 2009. Formally launched in 2003, FCS was envisioned to create new brigades equipped with new manned and unmanned vehicles linked by an unprecedented fast and flexible battlefield network. The U.S. Army claimed it was their "most ambitious and far-reaching modernization" program since World War II. Between 1995 and 2009, $32 billion was expended on programs such as this, "with little to show for it".
Opposition to the War in Afghanistan (2001–2021) stems from numerous factors, including the view that the United States invasion of Afghanistan was illegal under international law and constituted an unjustified aggression, the view that the continued military presence constitutes a foreign military occupation, the view that the war does little to prevent terrorism but increases its likelihood, and views on the involvement of geo-political and corporate interests. Also giving rise to opposition to the war are civilian casualties, the cost to taxpayers, and the length of the war to date.
The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs. The non-partisan Congressional Budget Office provides extensive analysis of the budget and its economic effects. CBO estimated in February 2024 that Federal debt held by the public is projected to rise from 99 percent of GDP in 2024 to 116 percent in 2034 and would continue to grow if current laws generally remained unchanged. Over that period, the growth of interest costs and mandatory spending outpaces the growth of revenues and the economy, driving up debt. Those factors persist beyond 2034, pushing federal debt higher still, to 172 percent of GDP in 2054.
The budget of the United States government for fiscal year 2007 was produced through a budget process involving both the legislative and executive branches of the federal government. While the Congress has the constitutional "power of the purse", the President and his appointees play a major role in budget deliberations. Since 1976, the federal fiscal year has started on October 1 of each year.
The M1117 Guardian, also denoted Armored Security Vehicle (ASV), is an internal security vehicle based on the V-100 and V-150 Commando series of armored cars. It was developed in the late 1990s for service with the United States' Military Police Corps. The first prototypes appeared in February 1997 and serial production of the M1117 commenced between 1999 and early 2000.
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Mine-Resistant Ambush Protected is a term for United States military light tactical vehicles produced as part of the MRAP program that are designed specifically to withstand improvised explosive device (IED) attacks and ambushes. The United States Department of Defense MRAP program began in 2007 as a response to the increased threat of IEDs during the Iraq War. From 2007 until 2012, the MRAP program deployed more than 12,000 vehicles in the Iraq War and War in Afghanistan.
Cost of Conflict is a tool which attempts to calculate the price of conflict to the human race. The idea is to examine this cost, not only in terms of the deaths and casualties and the economic costs borne by the people involved, but also the social, developmental, environmental and strategic costs of conflict. In most cases organizations measure and analyze the economic and broader development costs of conflict. While this conventional method of assessing the impact of conflict is fairly in-depth, it does not provide a comprehensive overview of a country or region embroiled in conflict. One of the earliest studies assessing the true cost of conflict on a variety of parameters was commissioned by Saferworld and compiled by Michael Cranna. Strategic Foresight Group has taken this science to a new level by developing a multi-disciplinary methodology, that has been applied to most parts of the world. A key benefit of using this tool is to encourage people to look at conflict in new ways and to widen public discussion of the subject, and to bring new insights to the debate on global security.
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Political debates about the United States federal budget discusses some of the more significant U.S. budgetary debates of the 21st century. These include the causes of debt increases, the impact of tax cuts, specific events such as the United States fiscal cliff, the effectiveness of stimulus, and the impact of the Great Recession, among others. The article explains how to analyze the U.S. budget as well as the competing economic schools of thought that support the budgetary positions of the major parties.
The Armored Multi-Purpose Vehicle (AMPV) is a U.S. Army program to replace the M113 armored personnel carrier and family of vehicles. AMPV is a sub-project of the Next Generation Combat Vehicle program.
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The 20-year-long War in Afghanistan had a number of significant impacts on Afghan society.
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