Global Military Spending Reaches $2.7 Trillion in Record 2024 Increase

The Limitations of Military Might

Although the statement that “power grows out of the barrel of a gun” was made by Chinese communist leader Mao Zedong, it’s an idea that, in one form or another, has motivated a great many people, from the members of teenage street gangs to the statesmen of major nations.The rising spiral of world military spending provides a striking example of how highly national governments value armed forces. In 2024, the nations of the world spent a record $2

Don’t be fooled. Ever-higher defence spending means ever-higher taxes

We’re spending about $56 billion a year on defence and that’s going to rise sharply, no matter who’s in power. Does anyone really think this won’t lead to income tax hikes?

Global Tensions Lead To Steep Rise In Military Spending

Global military spending rose to $2.72 trillion in 2024 – up 9.4% on 2023, and the steepest year-on-year rise since the end of the Cold War, according to a new think tank report. Global military spending rose to $2.72 trillion in 2024 – up 9.4% on 2023, and the steepest year-on-year rise since the end of the Cold War, according to a new report.Data from a leading conflict think tank, the Stockholm International Peace Research Institute (SIPRI), …

Global Military Spending Hits Post-Cold War High in 2024 - teleSUR English

Military expenditure in Europe jumped by 17 percent to US$693 billion, making it a major contributor to the global surge. On Monday, the Stockholm International Peace Research Institute (SIPRI) released a report showing that global military expenditure soared to its highest level in 2024 since the end of the Cold War. RELATED: Israeli Military Incursions in Syria Escalate Tensions Amid Growing Concerns Over Sovereignty Violations The report reve…

The shareholders of the Düsseldorf Group benefit from the armaments boom. Sales and profits are increasing - and there are still a lot of new orders.

The Swedish peace research institute Sipri has recorded a 9.4 percent increase in military spending worldwide for the year 2024.