The world is spending 45 percent more on arms than it did in 1999, and military spending rose by 4 percent in 2008 alone, says Sipri (Stockholm International Peace Research Institute). Worldwide military expenditure in 2008 was an estimated $1,464 billion, according to figures released 8 June to mark the launch of the 2009 edition of its Yearbook on Armaments, Disarmament and International Security.
Posted by Ellen Wallace on 8 June 2009 at 17:20 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 8 June 2009.
Filed under: World news
Tags: arms, global, millitary, Sipri, spending, Stockholm International Peace Research Institute, worldwide
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