Conflicts spur 'unprecedented' rise in military spending
Worldwide military expenditure saw its steepest rise in 2024 since the end of the Cold War, reaching $2.7 trillion as wars and rising tensions drove up spending, researchers said Monday.
In real terms, spending rose by 9.4 percent globally compared to 2023, with 2024 marking the 10th year of consecutive spending increases, according to a new report by the Stockholm International Peace Research Institute (SIPRI).
