Sept. 11 attacks cost Ottawa $92-billion so far, think-tank says

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The 9/11 terrorist attacks have had a lasting impact on Canadian government's finances, spurring Ottawa to spend an additional $92-billion on national security over the last decade.
That's according to the left-leaning Rideau Institute, an Ottawa advocacy group that is releasing a report on the subject Wednesday afternoon, days before the 10th anniversary of the attacks.


The Rideau Institute said since Sept. 11, 2001, Canada has devoted an additional $92-billion, or $69-billion when adjusted for inflation, to security expenditures over what it would be spending had budgets grown in line with pre-9/11 levels.
That works out to about $7-billion more a year after accounting for inflation.


By comparison, Ottawa spends about $250-billion a year today including programs, transfers to provinces and interest on the debt.
 
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