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SIPRI’s research on arms and military spending has been the core of the Institute s work since its foundation in the 1960s. Credit: Stockholm International Peace Research Institute (SIPRI)
UNITED NATIONS, Apr 26 2021 (IPS) - The United Nations– which is desperately seeking funds to help developing nations battling a staggering array of socio-economic problems, including extreme poverty, hunger, economic inequalities and environmental hazards– has continued to be one of the strongest advocates of disarmament.
The world body has relentlessly campaigned for reduced military spending in an attempt to help divert some of these resources into sustainable development and humanitarian assistance.
But according to a new report released April 26 by the Stockholm International Peace Research Institute (SIPRI), world military expenditure rose to nearly $2 trillion in 2020, an increase of 2.6 percent, in real terms, from 2019.
Published 26 April 2021
Total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019, according to new data. The five biggest spenders in 2020, which together accounted for 62 per cent of global military expenditure, were the United States, China, India, Russia and the United Kingdom. Military spending by China grew for the 26th consecutive year.
Total global military expenditure rose to $1981 billion last year, an increase of 2.6 per cent in real terms from 2019, according to new data published today by the Stockholm International Peace Research Institute (SIPRI). The five biggest spenders in 2020, which together accounted for 62 per cent of global military expenditure, were the United States, China, India, Russia and the United Kingdom. Military spending by China grew for the 26th consecutive year.
World Military Spending Rises to a Hefty $2 0 Trillion Despite UN Pleas for Cutbacks ipsnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipsnews.net Daily Mail and Mail on Sunday newspapers.