Records relating to keyword "Financial cost of war"

• IAG Briefing: 'The Rising Costs of the Iraq War' (22 March 2006)
  
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  Briefing by the Iraq Analysis Group detailing UK military spending in Iraq

• costofwar.com
  
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  A running total of what US taxpayers are spending on the Iraq War.

• 2007 BUDGET: TRANSPARENCY CALL AS IRAQ FUND TOPS £7.4BN (21 March 2007)
  
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  Analysts called for Gordon Brown to come clean over the rising costs of the Iraq war after he announced a further 400m GBP for overseas military spending in today's Budget [1]. The increased allocation to the government's 'Special Reserve' brings the total set aside to cover the UK's 'international obligations', including Iraq, to 7.44bn GBP. This is more than double the £3bn allocated to the fund when it was established in 2002 to cover "the full costs of the UK's military obligations" in Iraq [2].

  Today's budget increase follows recent complaints from the Defence Select Committee that the MOD had no reason not to provide cost forecasts and called on the government to explain "why it expects the costs of operations in Iraq to be greater this year than last."[3] The Treasury has repeatedly failed to release to the public a breakdown of allocations of the Special Reserve, although figures obtained through Freedom of Information by the Iraq Analysis Group, a UK-based research organisation, suggest that most of the extra money will be spent on keeping UK forces operational within Iraq.[4]

  Liam Wren-Lewis, a researcher for the Iraq Analysis Group, said: "Four years into the occupation of Iraq, we still know astonishingly little about how much it has cost the UK, and almost nothing about how much the government expects it will cost in future years."

  "We do know that, at a minimum, Gordon Brown's original £3 billion war chest has more than doubled. But in contrast to the United States, the UK MOD isn't required to publicly report its Iraq spending in any detail, so it's extremely difficult to tell how this money has actually been spent."

  The MOD now estimates that the cost of operations in Iraq between 2002 and 2006 are 5.17bn GBP, with costs of roughly 1bn GBP a year. There are no projections for future costs, nor indications as to how Iraq operations are impacting on the rest of the MoD budget. This lack of information about both present spending and future costs contrasts starkly with the US.[5]

  For information or interview, please contact Liam Wren-Lewis (Iraq Analysis Group) on +44 (0)7866 758801.

  • A full briefing on the cost of the Iraq war can be found at http://www.iraqanalysis.org/publications/235.

  • For more information about Iraq Analysis Group www.iraqanalysis.org

  Notes

  [1] Budget Report 2007: Chapter 6

  [2] Budget Report 2003: Chapter 6

  [3] Costs of Peacekeeping in Iraq and Afghanistan: Spring Supplementary Estimate

  [4] "The Rising Cost of the Iraq War"

  [5] See for example the Congressional Budget Office's 'Cost Analyses of Operations in Iraq and Afghanistan'

• Question from Bob Spink (18 Jan 2007)
  
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  Defence Expenditure: Iraq

  Adam Ingram replies: The costs of operations are calculated on a net additional basis and audited figures are published each year in the MOD's annual report and accounts. The total of the annual audited figures for the costs of operations in Iraq for the years 2002-03 to 2005-06 was £4,026 million. An estimated cost of £860 million for 2006-07 was included in the winter supplementary estimates published in November which is available in the Library of the House. Final figures will be published in the MOD's annual report and accounts for 2006-07.

• Budget 2006: Chapter 6 (22 March 2006)
  
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  Budget 2006 announces £800 million of provision for the Special Reserve in 2006-07, set aside from within existing public spending plans, to help meet the costs of Iraq, Afghanistan and other international commitments and further allocates £200 million from the Reserves in 2006-07 to support ongoing peacekeeping activity across the world through the Global Conflict Prevention Pool.

• The Times: Budget 2006- Extra £800 million for Iraq and Afghanistan breaks £5bn barrier (22 March 2006)
  
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  The cost of Britain’s military operations in Iraq and Afghanistan since 2003 is set to exceed £5 billion by next year, following Gordon Brown’s Budget announcement of a further £800 million for the two campaigns.

• Parliamentary discussion of Spring Supplementary Estimates (20 March 2006)
  
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• Costs of Peacekeeping in Iraq and Afghanistan: Spring Supplementary Estimate (14 March 2006)
  
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  Report produced by the House of Commons Defence Select Committee. Includes a breakdown of estimated costs in Iraq for 2005-06 provided by the MoD (Table 2, page 6).

  The committee expresses discontent with the size of the 'contingency' allowed, stating "Including £146 million contingency in the request for resources, without full supporting detail, is asking Parliament to take too much on trust.". It is also concerned about the lack of detail in the end of year accounts of the MoD.

  On the topic of giving better estimates to parliament, it states "The fact that MoD cannot provide information that is accurate to the standards which it would normally place before Parliament is no reason for not providing Parliament with any information at all." It notes that the MoD sees the treasury as the body to agree costs with, and sees parliament as a rubber stamp.

• The Economic Costs of the Iraq War (Jan 2006)
  
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  Economics Professor Joeseph Stiglitz and budgetry expert Linda Bilmes analyse the cost of the Iraq War. They estimate the pojected total direct costs to the US government at being $700bn in a conservative scenario, and $1trillion in a moderate one. They then estimate that additional macroeconomic factors will add another $100-$200bn.

• 'The Economics of the UK-Iraq Conflict' (2006)
  
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  By Professor Keith Hartley, Director of the Centre for Defence Economics at the University of York.

• The Guardian: 'Cost of British operations in Iraq soars to £5.5bn' (06 Dec 2005)
  
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• CRS report on cost of war, prepared for US Congress (Oct 2005)
  
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  This report published by the Congressional Research Service (CRS) concluded that $251 billion had been assigned to spending on the Iraq War. The research uses Congressional appropriations and Department of Defense (DOD) DFAS monthly obligations reports. The report claims that due to the anticipated nature of the war, the DOD transferred money from peacetime funds and also from funds appropriated for Afghanistan or general war. Transferral of monies from peacetime funds is permitted under certain circumstances as outlined in appropriations legislation.

  [As of Oct 2005] The US's National Priorities Project "Cost of War" information and counter is now based upon this latest estimate of congressional appropriations totalling $251billion by 31 March 2006.

• The Economic Costs of the War in Iraq (Katrina Kosec and Scott Wallsten) (Sept 2005)
  
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  ~30-page working paper published by the American Enterprise Institute and the Brookings Institution (AIE-Brookings Joint Centre). Analsyses and attempts to monetise the direct and avoided costs of war in Iraq.

• BBC News: 'Bush seeks extra $82bn for wars' (15 Feb 2005)
  
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• The Costs of the Iraq Conflict: Briefing Note for Channel 4 TV (11 June 2004)
  
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  By Professor Keith Hartley, Director of the Centre for Defence Economics at the University of York.

• Budget 2003 (March 2003)
  
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  6.6 The 2002 Pre-Budget Report confirmed the Government's plans for public spending in 2002-03. The Pre-Budget Report also made a special contingency allocation of £1 billion to ensure that resources were available for the UK's international defence and security needs. These resources allowed the UK's armed forces to prepare, on a contingency basis, for the event that the Iraqi regime failed to comply with the conditions set down in United Nations (UN) Security Council resolution 1441.

  6.7 The failure of the Iraqi regime to comply with the will of the international community as expressed in resolution 1441 led to the commencement in March of coalition military action to enforce these conditions. The Government has therefore increased its contingency provision to £3 billion to ensure that resources are available to cover the full cost of the UK's military obligations.

• Cost Analyses of Operations in Iraq and Afghanistan
  
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  "CBO's studies of the long-term implications of current defense plans also contain estimates of the costs of military operations and other activities associated with the global war on terrorism, as do alternative budget scenarios in Chapter 1 of CBO's The Budget and Economic Outlook: Fiscal Years 2007 to 2016."