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Home -> Finance -> Full Story
Congress to get Iraq war bill of $ 75 billion
Tuesday, March 25 2003 11:02 Hrs (IST)

Washington: The Bush administration will ask the Congress for an emergency budget of $ 75 billion for Iraq war, including $ 63 billion for defence on the assumption that the war will be over in 30 days.

However, the budgetary demand does not include the cost of bringing back the troops and equipment, nor the cost of reconstruction, according to officials.

The supplemental budget request for this fiscal 2003, which also proposes about $ four billion for homeland security and $ eight billion for foreign aid and humanitarian aid, will be sent to Congress later this week.

US President George W Bush met Congressional leaders on March 24 to tell them how much the war in Iraq will cost. He will formally unveil the spending request today at the Pentagon.

Earlier, a Pentagon official said its request for emergency supplemental funding would provide $ 30.3 billion for "coercive diplomacy," $ 13 billion for the "major conflict phase," $ 12 billion for the "transitional and stability phase," and $ 7.2 billion for "reconstruction phase".

These costs only cover the US fiscal year 2003, which ends in October 2003.

The budget request also includes bilateral aid for several Gulf nations and Israel.

While some lawmakers want the supplemental spendings to cover other items, such as help for the ailing airline industry, the Democratic leaders want more money for homeland security.

Democratic Senator Robert Byrd, while giving the breakdown for the supplement budget as outlined by the White House, said the administration wants the bill passed by April 11.

The war appropriation is also likely to include increased aid for US allies who are supporting the war effort, including $ one billion in grants and $ nine billion in loans to Israel to prop up its sagging economy, $ one billion for Egypt, and $ one billion for Jordan, officials said.

It may also include some rebuilding costs in Iraq, but it is unlikely to spell out the future costs of reconstruction and occupation as it is not yet clear how much damage will need to be repaired in Iraq.

The US aid agency USAID has already begun asking for bids from US companies for some of this rebuilding work.

PTI







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