Global Military Spending Reached an All-Time High Last Year at $2.4 Trillion

New research published Monday shows that global military spending increased in 2023 for the ninth consecutive year, surging to $2.4 trillion as Russia’s assault on Ukraine and Israel’s war on the Gaza Strip helped push war-related outlays to an all-time high. The Stockholm International Peace Research Institute (SIPRI) recorded military spending increases in every geographical region it examined...

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