Economics ❯Defense Economics

Military Budgeting

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Global Military Spending Hits Record $2.7 Trillion in 2024, Driven by Conflicts and Tensions

A 9.4% increase marks the steepest annual rise since 1988, with the U.S. and China accounting for nearly half of all expenditures.

Europe Accelerates Defense Spending as U.S. Pushes for Greater NATO Burden-Sharing

Germany’s Military Readiness Declines as Election Approaches