“Global military spending hit all-time high in 2023 after 7% jump, report finds”
April 24, 2024
“Global military spending reached a record high of $2.4 trillion in 2023 amid a “global deterioration in peace and security,” the Stockholm International Peace Research Institute said Monday. The figure marked a 6.8% increase from 2022 and the sharpest year-on-year jump since 2009, the institute said in a report on military spending trends.
“The unprecedented rise in military spending is a direct response to the global deterioration in peace and security,” Nan Tian, senior researcher in SIPRI’s military expenditure and arms production programme, said in a statement…”