Watchdog: Global Military Spending up by 1.1 Percent

COPENHAGEN — 

A Swedish arms watchdog says global military spending rose to $1.739 trillion last year, a 1.1 percent increase on 2016.

The Stockholm International Peace Research Institute says China continued its upward trend that has lasted for more than two decades, Russian expenditure fell for the first time since 1998, and the United States' military spending remained constant for the second consecutive year.

SIPRI chairman Jan Eliasson, presenting the report Wednesday, said that "continuing high world military expenditure is a cause for serious concern," adding that "it undermines the search for peaceful solutions to conflicts around the world."

Nan Tian, a SIPRI researcher, added that, globally speaking, "the weight of military spending is clearly shifting away from the Euro-Atlantic region."

Let's block ads! (Why?)

Read More Watchdog: Global Military Spending up by 1.1 Percent : https://ift.tt/2jmqlZl