War on Terror costs $432 Billion

Numbers released Tuesday show the Congressional Budget Office (CBO) estimating that the cost of operations in Iraq and the War on Terrorism have exceeded $432 billion.

About $393 billion of that sum was allocated to the Department of Defense. Because some of those funds are designated for classified purposes, about which little information is publicly available, CBO cannot provide a precise estimate of the amounts obligated to date. However, CBO concludes that DOD has obligated almost all of those funds, with the exception of the roughly $66 billion appropriated in the most recent supplemental.

Also according to the CBO, 2006 has been the most costly year for the War on Terrorism, with $120 billion allocated for the war this year. The lowest years were 2001 and 2002 with $11 billion and $19 billion respectively.