Who needs butter when you got guns? World arms spending reaches $2.5 trillion
by Responsible Statecraft
Responsible Statecraft— Total military spending by nations reached a record high of $2.443 trillion in 2023, according to a new report released Monday by the Stockholm International Peace Research Institute, or SIPRI.Across the globe, military expenditures increased by 6.8% in real terms over 2022, the steepest rise since 2009, according to the Swedish think tank which has tracked the military spending by countries based on open sources since the 1960s. Every region saw an increase, but Europe, Asia and Oceania, and...
The Fiscal Times—Global Military Spending Reached a Record $2.4 Trillion Last Year: Study. Yuval RosenbergApril 23, 2024We told you earlier this month that global defense spending had reached a record $2.2 trillion last year. A study
Zero Hedge—Global Military Spending Hits All-Time High Of $2.4 Trillion. Global Military Spending Hits All-Time High Of $2.4 Trillion By Tim Martin at BreakingDefense Global military expenditure surged to a record $2.44 trillion in 2023, the largest year-on-year rise on weapons spending since 2009, according to a new Stockholm International Peace Research Institute (SIPRI) report. The report, published today, said that the new figure is an “all time high,” equivalent to a 6.8 percent increase on spending in 2022 and marking the ninth consecutive...
The Guardian—UK to boost defence spending to 2.5% of GDP, Sunak says. PM pledges to put arms industry on ‘war footing’ with plan to raise defence budget to £87bn a year by 2030Britain will boost its defence spending to 2.5% of national output by the end of the decade as Rishi Sunak pledged to put the UK’s arms industry on a “war footing” in response to global threats.The prime minister’s plan, which he said would help the UK deal with an “increasingly dangerous” world, would steadily increase defence spending to £87bn a year by 2030. Continue reading