The federal government is expected to spend $17 billion on hurricane-related damages annually

Source: Congressional Budget OfficeEmbed Download image
Notes: Hurricane-related damages include damage from hurricane winds, storm surges, and flooding. Public sector losses include federal spending on repairing public properties. The $17 billion total includes $40 million in expected federal compensation to the commercial sector through SBA’s Disaster Loan Program. The total excludes some federal spending that CBO could not estimate, such as federal spending on mitigation efforts not tied to any particular disaster. Future spending was estimated based on the average spending for major storms during the 2005-2016 period.