STOCKHOLM: The United States’ military spending has risen for the first time in seven years, reflecting Trump administration policy, according to a new report released Monday by the Stockholm International Peace Research Institute.
Worldwide military spending also rose by 2.6 percent to $1.8 trillion overall last year, SIPRI calculated.
It was the second year running the global figure has risen, bringing military spending to its highest level since 1988.
“The increase in US spending was driven by the implementation from 2017 of new arms procurement programmes under the Trump administration,” said Aude Fleurant, director of SIPRI’s Arms and Military Expenditure (AMEX) programme.
The US …read more
Source: Pakistan Today
