Afghanistan, April 28 -- Global military spending reached a historic $2.72 trillion in 2024, driven by rising geopolitical tensions and security concerns worldwide.
The Stockholm International Peace Research Institute (SIPRI) has reported that global military expenditures in 2024 have reached a staggering $2.72 trillion. This marks a 9.4% increase compared to 2023, representing the largest annual growth in military spending since the end of the Cold War.
According to SIPRI on Monday, rising geopolitical tensions have led to increased military spending worldwide, with the most significant increases seen in Europe and the Middle East. The report highlights that over 100 countries have raised their military budgets in 2024, reflecting a broa...