United Nations, Sept. 10 -- UN Secretary-General Antonio Guterres on Tuesday urged member states to rebalance military spending and development priorities.
"The evidence is clear. Excessive military spending does not guarantee peace. It often undermines it -- fueling arms races, deepening mistrust, and diverting resources from the very foundations of stability," the UN chief said at the launch of the new report titled "The Security We Need: Rebalancing Military Spending for a Sustainable and Peaceful Future.""A more secure world begins by investing at least as much in fighting poverty as we do in fighting wars," Guterres said.
Global military spending surged to a record high of 2.7 trillion U.S. dollars in 2024, nearly 13 times the amount...