Global military spending for 2011 static, but China, Russia up

GENEVA, SWITZERLAND – Global military spending remained practically unchanged in 2011, but budgets saw strong increases in Russia and China, while military expenditure fell in the United States and in Europe due to austerity measures. The Swedish think tank, Stockholm International Peace Research Institute, (Sipri), published the figures Tuesday 17 April. Overall spending was $1.73 […]

World arms spending up 45% in 9 years

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 […]