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Global military spending sees 9.4 pc rise to USD 2.7 tn

April 28, 2025, 01:09 PM - 3 min read

Global military spending hit USD 2.7 trillion in 2024, marking a 9.4% increase. The US, China, Russia, India, and Germany accounted for 60% of the total. SIPRI’s report highlighted rising expenditures in Europe, the Middle East, and Asia amid ongoing global conflicts.

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