War, fear of war spur global military spending to new record: SIPRI report
New high of $2.4 trillion is the ninth straight annual increase, suggesting the trend will continue, research institute says.
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New high of $2.4 trillion is the ninth straight annual increase, suggesting the trend will continue, research institute says.
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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.
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