Global Military Spending Tops $1T
June 7, 2005 10:00 AM Subscribe
Donald Rumsfeld recently aimed critisicm at China's military spending. “Since no nation threatens China, one must wonder: Why this growing investment? Why these continuing large and expanding arms purchases?” A question he may well ask of himself. According to a report recently released by the Stockholm International Peace Research Institute (in our fair city) Global Military Spending topped $1Trillion in 2004. The United States accounted for 47 percent of all military expenditures, while Britain and France each made up 5 percent of the total. In all, 15 countries accounted for 82 percent of the world's total military spending. The BBC reported last month that Chinese military spending increased by 12% in 2004 to $25Bn - or one twentieth of what the US spends.
This thread has been archived and is closed to new comments