Global Military Spending Reaches Record High in 2023, Reflecting Heightened Global Tensions and Insecurity
In 2023, international military expenditures hit $2.443 trillion, marking the highest level since 2009. The increase is attributed to warfare, arms race, and uncertainty, and has been observed globally, especially in Europe, Asia, and the Middle East. The US and China lead spending with $916 billion and $296 billion, respectively.
“Russia’s Potential Middle East Intervention Sparks Alarm as Regional Stability Hangs in the Balance”
Announcements of Russian intervention in the Middle East raise concern over regional stability. Russia’s military spending in the Caspian Sea adds to the worry. Russian President Putin and Belarusian President Lukashenko confirmed this agenda.
“Japan Boosts Defense Budget by 16% and Expands Lethal Weapon Arsenal, Allowing for Export to US and Ukraine”
Japanese government announces 16% increase in military spending, aims to strengthen defense capabilities through expansion of lethal weapons arsenal and exportation of Japanese-made weapons. Budget includes purchase of F-35 fighters to enhance military capabilities.