Military spending in the world is about two and a half trillion dollars, with the United States at the top

Military spending in the world is about two and a half trillion dollars, with the United States at the top

A Chinese drone at an international defense exhibition in Iraq

Sajjadul Islam: [২] The arms race in the world has greatly increased. It also increases the risk of unwanted conflicts. The United States leads the way in increasing military spending. Source: The Guardian

[৩] Governments in five of the world’s geographic regions have been spending more than a decade increasing annual spending to build up their arsenals. In this, the global military expenditure has increased to a record amount of 244 billion dollars.

[৪] This information has been reported in a recent report of research institute Stockholm International Peace Research Institute (SIPRI). It has been said that this is the highest increase in military spending in the 60-year history of the organization.

[৫] According to SIPRI’s report, military spending increased by 6.8 percent between 2022 and 2023, the highest since 2009. This has set a new record for increasing military spending.

[৬] For the first time, SIPRI analysts and researchers have tracked military spending growth across five geographic regions: Africa, Europe, the Middle East, Asia and Oceania, and the Americas.

[৭] Nan Tian, ​​senior researcher at SIPRI’s Military Expenditure and Arms Production Program Division, said the unprecedented increase in military spending is a direct response to the global deterioration of peace and security. This creates an increasingly volatile geopolitical situation and the risk of direct conflict.

[৮] The United States and China are leading the way in increasing military spending. They accounted for half of the total increase in global military spending. Of this, the United States increased its military spending by 2.3 percent and China by 6 percent. China announced a military spending of 29,600 dollars in 2023, which is 6 percent more than the previous year. It is followed by Russia, India, Saudi Arabia and the United Kingdom in terms of military spending growth. Edit: Rashid

SI/R/HA