#WorldMilitaryExpenditure #RecordHighSpending #GlobalSecuritySpending
Global military expenditure reached a record high of $2.718 trillion in 2024, according to a recent report by a research institution based in Sweden. The growth rate of military spending was reported to be the highest in recent years.
The Stockholm International Peace Research Institute revealed these findings on the 28th of the previous month, highlighting the significant increase in global defense budgets. This surge in military expenditure reflects the escalating concerns surrounding international security and geopolitical tensions worldwide.
Ramesh Khatri, a representative of Kansai Nepal News, commented on the report, stating that the unprecedented rise in military spending underscores the pressing need for diplomatic efforts and conflict resolution initiatives to address the root causes of global insecurity. He emphasized the importance of prioritizing peaceful resolutions to international disputes in order to promote stability and cooperation on a global scale.
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Author: MAYA | HARUTO
Posted at: April 28, 2025 7:00 pm
