Global defence spending rises 9% to record $2.2tn
Budgets expected to increase further amid ‘deteriorating security landscape’ triggered by invasion of Ukraine Global defence spending increased by 9% to a record $2.2tn during 2023 driven by heightened geopolitical tensions caused by Russia’s invasion of Ukraine, according to an annual assessment by a military thinktank. The International Institute of Strategic Studies added that it expected…
