US comes in first again for military spending

A prominent think tank says global military spending reached a record last year. The Stockholm International Peace Research Institute says military expenditure reached levels not seen since the end of the Cold War.

In 2018, overall global military spending hit a massive 1-point-82 trillion dollars. That is an increase of 2-point-6 percent on the previous year. Leading the list is the United States of America. According to the data by SIPRI, increased spending by the United States has fueled the record numbers. It also means America maintained its position as the world’s biggest spender. Last year, the US increased its military spending by 4-point-six percent to 649-billion dollars. This amounts to 36-percent of the total sum spent around the world. The US outspent the world’s second largest economy, China, by nearly 200-percent. It also spent as much on its military as roughly the next eight highest spending countries combined.

Press TV’s website can also be accessed at the following alternate addresses:

Press TV News Roku