Global military spending at all-time high in 2022 due to Ukraine war

Military expenditure globally hit an all-time high of $2.24 trillion in 2022, rising 3.7 percent from the previous year, due largely to Russia's invasion of Ukraine, an international security think tank said Monday.The Stockholm International Peace Research Institute said total spending grew for the eighth straight year but at a faster pace compared to the increase of 0.7 percent in 2021. It marked the largest rise since 1988 when comparable data became available.The top five spending countries were the United States, China, Russia, India and Saudi Arabia, accounting for 63 percent of the g…READ FULL ARTICLE