Article 6JKG4 Global defence spending rises 9% to record $2.2tn

Global defence spending rises 9% to record $2.2tn

by
Dan Sabbagh Defence and security editor
from World news | The Guardian on (#6JKG4)

Budgets expected to increase further amid deteriorating security landscape' triggered by invasion of Ukraine

Global defence spending increased by 9% to a record $2.2tn during 2023 driven by heightened geopolitical tensions caused by Russia's invasion of Ukraine, according to an annual assessment by a military thinktank.

The International Institute of Strategic Studies added that it expected budgets to increase further in 2024 as the war continued into a third year and international uncertainty spread across the Middle East in the wake of the Israel-Gaza war.

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