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Global military spending reaches record $2,240 billion: SIPRI
According to SIPRI, global military spending will reach a new record high of $2,240 billion in 2022.
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Global military spending reaches record high
World military spending has passed U.S.$2 trillion for the first time, according to new data published by the Stockholm International Peace Research Institute (SIPRI). Last year was the seventh consecutive year that world military spending increased; total expenditure has almost doubled this century.