<\/p>\n
KABUL (SW): According to the Stockholm International Peace Research Institute (SIPRI), the world’s military spending has peaked in 2017 since the Cold War. The Global military budgets reached a trillion and 739 billion USD in 2017 which is 1.1 percent increase from the previous year in 2016.<\/p>\n
The United States has spent $610 billion on weapons and military equipment which accounts for 35 percent of the world’s total spending, securing the top position on the list for the U.S.<\/p>\n
China ranked second with $228 billion and Saudi Arabia with $69.4 billion took the third place.<\/p>\n
However, Russia which ranked 3 in 2016, for the first time since 1998, has cut its military spending in 2017 by 20% and has ranked fourth according to the report by the SIPRI.<\/p>\n
The report showed that the military budget of the Asian countries and Pacific countries grew more than the European and Atlantic countries in 2017.<\/p>\n
According to Siemon Wezeman, Senior Researcher at SIPRI the tension between China and its neighbors has led to an increase in military spending in Asia.<\/p>\n
Jan Eliasson, Chair of the Board of SIPRI said that this is a “worrying” process, making it harder for peace to be achieved in the world.<\/p>\n
Since 1999, the military spending has been relatively constant in the world; however, in recent years this cost has risen again akin to the Cold War.<\/p>\n
ENDS<\/p>\n
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