According to the US Congressional Budget Office (CBO), the US has spent 38 billion dollars so far on the war against Iran, which has been going on for several months, while the costs are likely to increase by another 3 billion dollars per month if the war continues.
According to the CBO report, there is a possibility of a 0.5 percent increase in inflation in the United States in the first quarter of 2027 due to the war.
The report states that US arms and ammunition stocks have been depleted rapidly during the war and it may take about 5 years to restore them to desired levels.
According to the US Department of Defense, as of July 21, war spending had reached $37.5 billion, while CBO’s latest estimate includes spending through August 1.
According to the CBO, the rising costs of war, along with the depletion of critical weapons stockpiles, particularly missiles and anti-missile systems, have raised concerns about America’s ability to deal with a major future conflict.
The report said that the shortage of critical war equipment could affect the US defense response in the event of a potential conflict involving China and Taiwan in the future.
U.S. Defense Secretary Pat Hegseth asked during a Senate hearing in July for an additional $90 billion in emergency funds to replenish the weapons stockpile.
According to the CBO, the US Department of Defense did not fully cooperate with financial auditors, but the White House and the Department of Defense disagreed with the CBO’s concerns about a reduction in the stockpile.
According to the report, attacks in the Strait of Hormuz and damage to energy infrastructure in the Gulf countries have significantly increased energy prices.
Before the war, about 20 percent of the world’s oil was shipped through the Strait of Hormuz, which has also affected global energy markets because of the blockage.
The $38 billion in costs reported by the CBO does not include the costs of recent attacks on merchant ships in the Strait of Hormuz and recent attacks on US military installations in the region.
Similarly, the figure does not include interest on war loans and other financial costs, which could add tens of billions of dollars to the overall cost.
The total US public debt also exceeded $40 trillion in August.