SIPRI: Global Spending Hits $2 Trillion / UK £50bn for 1st time
Today’s launch of the annual Stockholm International Peace Research Institute (SIPRI) figures on military spending makes chilling reading. SIPRI estimates global military expenditure last year was at least $2,113 billion (US), the first time it has exceeded $2 trillion (US): an average of more than $5.78 billion (US) every day. This represents a 6.1% nominal …