See multiple perspectives from Breitbart News, Reuters, and New York Times (News) at AllSides.com.
This marks a 6.8% increase from 2022 and the ninth straight year of rising military expenditures; it was also the steepest annual rise since 2009. The United States remains the highest spender with a $916 billion defense budget in 2023, while China ranks second with $296 billion. The report shows that recent increases in military expenditure are largely due to the ongoing war in Ukraine and escalating geopolitical tensions in Asia, Oceania, and the Middle East.
The Stockholm International Peace Research InstitNATO spending target ute said in a statement the United States, China and Russia were the top spenders in 2023.
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Global military spending hit all-time high in 2023 after 7% jump, report findsGlobal military spending reached a fresh record high in 2023, totalling $2443 billion, a report by the Stockholm International Peace Research Institute said.
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Global military spending hit all-time high in 2023 after 7% jump, report findsGlobal military spending reached a fresh record high in 2023, totalling $2443 billion, a report by the Stockholm International Peace Research Institute said.
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Led by US, Global Military Spending Surged to Record $2.4 Trillion Last YearJake Johnson is a senior editor and staff writer for Common Dreams.
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Global Military Spending Reached an All-Time High Last Year at $2.4 TrillionThe US was by far the largest military spender at $916 billion in 2023, up 2.3 percent compared to the previous year.
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UK Court Delays Ruling On Julian Assange’s Extradition To The USSee multiple perspectives from CNBC, NPR (Online News), and Fox News (Online News) at AllSides.com.
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Senate calls out-of-control spending a national security threat, keeps spending anywayCongress should also pass legislation requiring any new spending to be offset by cuts in other federal spending and forbidding the Federal Reserve from purchasing federal debt instruments.
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