International Global defence budget jumps to record high of $2440bn

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For the first time, government military spending increased in all five geographical regions, Sipri thinktank finds

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Global military expenditure has reached a record high of $2440bn (£1970bn) after the largest annual rise in government spending on arms in over a decade, according to a report.

The 6.8% increase between 2022 and 2023 was the steepest since 2009, pushing spending to the highest recorded by the Stockholm International Peace Research Institute (Sipri) in its 60-year history.

For the first time, analysts at the thinktank recorded a rise in military outlay in all five geographical regions: Africa, Europe, the Middle East, Asia and Oceania and the Americas.

Nan Tian, a senior researcher with Sipri’s military expenditure and arms production programme, warned of the heightened risk of an unintended conflagration as governments raced to arm. He said: “The unprecedented rise in military spending is a direct response to the global deterioration in peace and security.
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“States are prioritising military strength, but they risk an action-reaction spiral in the increasingly volatile geopolitical and security landscape.”


The two largest spenders – the United States (37%) and China (12%) – made up around half of global military spending, increasing their expenditure by 2.3% and 6% respectively.

The US government spent 9.4% more on “research, development, test and evaluation” than in 2022 as Washington sought to stay at the forefront of technological developments.

Since 2014, when Russia first invaded Crimea and the eastern Donbas region of Ukraine, the US has been shifting its focus from counter-insurgency operations and asymmetric warfare to “developing new weapon systems that could be used in a potential conflict with adversaries with advanced military capabilities”, according to Sipri’s report.

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While dwarfed by the US in military spending, China, as the world’s second biggest spender, allocated an estimated $296bn in 2023, an increase of 6% on 2022. It has consistently increased defence spending over the past 29 years, although the biggest growth periods were in the 1990s and between 2003 and 2014.

The single-digit growth figure of the last year reflected China’s more modest economic performance in recent times, according to Sipri.

Russia, India, Saudi Arabia and the UK – the largest spender in central and western Europe after a 7.9% year-on-year increase – follow in Sipri’s league table.

The Kremlin’s military expenditure in 2023, after a year of full-scale war with Ukraine, was 24% higher than in 2022 and 57% more than in 2014, when Russia invaded Crimea. With spending at 5.9% of GDP, equivalent to 16% of the Russian government’s total expenditure, 2023 marked the highest levels recorded since the dissolution of the Soviet Union.

Amid growing tensions with China and Pakistan, Indian spending was up by 4.2% from 2022 and by 44% from 2014, reflecting an increase in personnel and operational costs.

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Sipri’s analysts noted that 75% of India’s capital outlay was on domestically produced equipment, the highest ever ratio, as India progressed towards its goal of becoming self-reliant in arms development and production.

Saudi Arabia’s 4.3% rise in spending, to an estimated $75.8bn, or 7.1% of GDP, was said to have been powered by the increased demand for non-Russian oil and rising oil prices after Russia’s invasion of Ukraine.

Expenditure in the Middle East rose by 9% to an estimated $200bn, making it the region with the highest military spend as a proportion of GDP in the world at 4.2%, followed by Europe (2.8%), Africa (1.9%), Asia and Oceania (1.7%) and the Americas (1.2%).

The military expenditure of Israel, second behind Saudi Arabia in the region but ahead of Turkey, grew by 24% to reach $27.5bn, driven mainly by its offensive in Gaza.

Iran was the fourth largest military spender in the Middle East. Its spending went up marginally (+0.6%) to $10.3bn. Sipri said the share of total military spending allocated to the Islamic Revolutionary Guard Corps had been increasing since at least 2019.
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Ukraine became the world’s eighth biggest military spender in 2023, with an annual rise of 51% to reach $64.8bn, still only equivalent to 59% of Russia’s military spending that year.

Kyiv’s military expenditure increased by 1,270% between 2014 and 2023. The military aid received from over 30 countries is included in Sipri’s figures.

The largest percentage increase in military spending by any country in 2023 was by the government of the Democratic Republic of the Congo (+105%), which has been in a protracted conflict with non-state armed groups, mostly in the east of the country. South Sudan recorded the second largest percentage increase (+78%) amid internal violence.

The use of the military to combat organised gangs was said to be a factor in the rise in spending in Central America and the Caribbean, where expenditure was 54% higher in 2023 than in 2014.

Spending by the Dominican Republic rose by 14% in response to worsening gang violence in neighbouring Haiti.

Expenditure reached $11.8bn in Mexico, a 55% increase from 2014, albeit marginally down on 2022. Allocations to the Guardia Nacional (National Guard) – a militarised force used to curb criminal activity – rose from 0.7% of Mexico’s total military expenditure in 2019, when the force was created, to 11% last year.


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Diego Lopes da Silva, a senior researcher at Sipri, said: “The use of the military to suppress gang violence has been a growing trend in the region for years as governments are either unable to address the problem using conventional means or prefer immediate – often more violent – responses.”

https://www.theguardian.com/world/2024/apr/22/global-defence-budget-jumps-to-record-high-of-2440bn
 

Labour aims to raise defence spending to 2.5% of GDP​

Starmer’s comments come before visit to Barrow, where he is to promise nuclear deterrent is ‘bedrock’ of security plan

Labour will aim to raise the UK’s defence spending to 2.5% of GDP “as soon as resources allow”, Keir Starmer has said.

The party leader told the i newspaper that defence was “the number one issue for any government” in a world where international threats had risen and the situation was “more volatile” than it had been for many years.

“On defence spending, obviously we want to get to 2.5% as soon as resources allow that to happen,” he said.

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By committing to that level of defence spending, Labour, which is far ahead in opinion polls ahead of an election expected later this year, is matching the intentions of the Conservative government. The defence budget is currently around 2.1% of GDP.

Starmer will also promise to make the UK’s nuclear deterrent the “bedrock” of his security plan to keep Britain safe.

On Friday he will become the first Labour leader in 30 years to visit Barrow-in-Furness, Cumbria, where nuclear submarines are being built. He will be joined by the Australian high commissioner to the UK, Stephen Smith, and the shadow defence secretary, John Healey.

Starmer is expected to say a Labour government would use defence procurement to strengthen UK security and economic growth.

He is also expected to affirm Labour’s commitment to the Aukus security pact, after outlining plans to direct British defence investment to British business first.

The Labour leader will speak to workers, union members and apprentices at the Barrow shipyard, where nuclear submarines are being built.
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Starmer’s rhetoric will create another dividing line between his manifesto and that of his predecessor, Jeremy Corbyn. Support for the nuclear deterrent has always been official Labour policy but Corbyn said he would never authorise its use.

Labour said it was set to campaign on its commitment to the nuclear deterrent in key communities in the nuclear supply chain, such as: Plymouth, home to the Devonport shipyard; Bristol, home of the Ministry of Defence’s Abbey Wood site; Derby, home to Rolls-Royce’s Raynesway site; and Argyll and Bute, home to HM Naval Base Clyde.

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Starmer is expected to say: “The changed Labour party I lead knows that our nation’s defence must always come first. Labour’s commitment to our nuclear deterrent is total.

“In the face of rising global threats and growing Russian aggression, the UK’s nuclear deterrent is the bedrock of Labour’s plan to keep Britain safe. It will ensure vital protection for the UK and our Nato allies in the years ahead, as well as supporting thousands of high-paying jobs across the UK.

“Countless families in Barrow and across Britain have built a secure future over decades of hard work building our defences. I want that to continue for the decades to come.

“That’s why we are fully backing Aukus submarines to be built in Barrow, too. And it’s why Labour will ensure that new UK leadership within Aukus helps make this national endeavour a success for Britain.”

Healey added: “Pride is the overwhelming feeling of defence industry workers, especially those in Barrow building our vital nuclear submarines. They are essential in securing Britain’s defences for the future.”

Kate Hudson, the general secretary of the Campaign for Nuclear Disarmament, said voters were “desperately looking for hope from Labour. However, it’s increasingly clear that Starmer’s offer is just more of the same: billions of pounds wasted on nuclear weapons and nuclear power, and a belligerent foreign policy that includes support for the Aukus pact, Nato and continuing arms sales to Israel, used to kill Palestinians.

“Putting billions of pounds into the pockets of arms companies and their investors will not reinvigorate the economy in any meaningful way.”

Rishi Sunak visited BAE Systems Submarines in Barrow with the chancellor, Jeremy Hunt, last month, after declaring a “critical national endeavour” to secure the nuclear industry’s future.

The defence secretary, Grant Shapps, called Starmer’s visit an “attempted distraction from the Angela Rayner scandal”.

https://www.theguardian.com/politic...armer-labour-defence-nuclear-deterrent-barrow
 
We will likely never see it go down from here because weapons manufacturers have contracts that require the govt to spend x amount of money on weapons or they threaten to shut down or lay people off in the congressional districts harming the politicians chances at reelection. Of all the budgets I would like to see this one drop significantly.

And we all know Ukraine and Israel are the biggest expenses driving this up
 
We will likely never see it go down from here because weapons manufacturers have contracts that require the govt to spend x amount of money on weapons or they threaten to shut down or lay people off in the congressional districts harming the politicians chances at reelection. Of all the budgets I would like to see this one drop significantly.

And we all know Ukraine and Israel are the biggest expenses driving this up

Yeah, but at the other side of that idea. Decreasing military spending will cost jobs, even if it's just a threat, these industries will start going under if there are suddenly massive cuts.

These aren't just burger flippers either, these are high skilled and specialized manufacturers, artisans, and scientists. They make a significant amount of money for themselves and the economy overall.

You can't just call for massive budget cuts without having a solution to handle to down stream effects from them. How exactly do we reorganize the economy of this scale that's already at full employment? What would these high paid, high skilled workers do?
 
Yeah, but at the other side of that idea. Decreasing military spending will cost jobs, even if it's just a threat, these industries will start going under if there are suddenly massive cuts.

These aren't just burger flippers either, these are high skilled and specialized manufacturers, artisans, and scientists. They make a significant amount of money for themselves and the economy overall.

You can't just call for massive budget cuts without having a solution to handle to down stream effects from them. How exactly do we reorganize the economy of this scale that's already at full employment? What would these high paid, high skilled workers do?

Well, the average pay of a defense contractor ceo pay is over 11 million and their profits are insane, so there are ways they could save jobs-these greedy fucks don’t want their bottom line cut into so they will cut jobs. Maybe spend less on politicians to keep the money and contracts gushing in
 
Well, the average pay of a defense contractor ceo pay is over 11 million and their profits are insane, so there are ways they could save jobs-these greedy fucks don’t want their bottom line cut into so they will cut jobs. Maybe spend less on politicians to keep the money and contracts gushing in

It's not just the individuals in the industry itself, the entire country and even world are invested in these companies.

How many defense or defense adjacent stocks do you think are in the average 401k?

When you're talking about a portion of our economy of this scale, it doesn't matter what it is, be it healthcare, insurance, defense, etc massive sweeping cuts because the sound of it makes you feel good isn't the best solution ever.
 
Keep buying stocks of the war industry
 
It's not just the individuals in the industry itself, the entire country and even world are invested in these companies.

How many defense or defense adjacent stocks do you think are in the average 401k?

When you're talking about a portion of our economy of this scale, it doesn't matter what it is, be it healthcare, insurance, defense, etc massive sweeping cuts because the sound of it makes you feel good isn't the best solution ever.

I agree about the ceo pay, but these greedy industries making billions shouldn’t be allowed to threaten or lay people off to protect their shareholders from making millions or protect the ridiculous pay of the ceos who also have lots of stock as do the politicians. It’s a crooked system
 
I think that’s more just a reflection of how expensive equipment is than anything else.
 
It's not just the individuals in the industry itself, the entire country and even world are invested in these companies.

How many defense or defense adjacent stocks do you think are in the average 401k?

When you're talking about a portion of our economy of this scale, it doesn't matter what it is, be it healthcare, insurance, defense, etc massive sweeping cuts because the sound of it makes you feel good isn't the best solution ever.

- Brasil is the worlds biggest rubber productor and the second ammo productor if i remember right.
The entire world economy depends on wars!
 

Sweden should spend more on defense and increase the number of conscripts, lawmakers recommend​

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COPENHAGEN, Denmark (AP) — Sweden should increase its annual military budget by nearly 54 billion kronor ($5 billion) by 2030 to strengthen its air defenses and beef up the number of conscripts, a Swedish parliamentary committee recommended Friday.

The Scandinavian country joined the NATO alliance in March, moving away from a decades-long policy of neutrality in the wake of Russia’s full-scale invasion of Ukraine in 2022.

The report by the Defense Committee, which is made up of representatives of the eight political parties sitting in the Swedish parliament, said that NATO membership and the serious security situation require higher ambitions.

“An armed attack against Sweden or our allies cannot be ruled out,” the commission said in its report entitled “Strong defense capability, Sweden as an ally.”

Sweden’s air defense must also be expanded to meet threats from unmanned flying craft, more hunting and cruise missiles must be purchased and the navy should receive more personnel, according to the nearly 300-page report. It also suggested that the number of conscripts should gradually be increased to 12,000 in 2032. Presently there are about 8,000 conscripts in Sweden.
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The recommendation follows similar moves in its two Scandinavian neighbors, both of them longstanding NATO members. Earlier this month, Norway said it would gradually increase the number of conscripted soldiers from 9,000 at present to 13,500 by 2036. Meanwhile, Denmark last month said it wants to increase the number of young people doing military service by extending conscription to women and increasing the time of service from four months to 11 months.

Swedish news agency TT quoted Defense Minister Pål Jonson saying the defense committee’s proposal was “necessary in light of the serious security policy situation in the world.”

Sweden’s current military budget for 2024 is about 119 billion kronor ($11 billion).

The center-right, three-party coalition of Sweden’s Prime Minister Ulf Kristersson is likely to follow most of the commission’s recommendations in the report, which was presented Friday.

https://apnews.com/article/sweden-d...pts-nato-air-7c5d9c5517cbd2ebd6e156a44954dd1a
 
they are all preparing for WW3 that will start in 2027.
 
Yeah, but at the other side of that idea. Decreasing military spending will cost jobs, even if it's just a threat, these industries will start going under if there are suddenly massive cuts.

These aren't just burger flippers either, these are high skilled and specialized manufacturers, artisans, and scientists. They make a significant amount of money for themselves and the economy overall.

You can't just call for massive budget cuts without having a solution to handle to down stream effects from them. How exactly do we reorganize the economy of this scale that's already at full employment? What would these high paid, high skilled workers do?

If only there was a giant problem facing all of humanity that requires significant effort from a wide range of people to solve.
 
This is something all of humanity should be deeply ashamed of - it's one of our greatest failures. Imagine if you had to dedicate a significant portion of your household budget to regular hospital visits and home repairs because your kids were violent wild animals that try to kill each other and destroy each other's living spaces. You would clearly be an absolute failure of a parent, but for some reason we don't see it that way when looking at the larger group. It's rooted in ignorance, not knowing the deep intrinsic connection you have with all other humans, as well as with the rest of life on earth.
 
I think that’s more just a reflection of how expensive equipment is than anything else.

It's not expensive because it needs to be, it's expensive because the nature of the industry allows these companies to charge whatever they want. The markup on military equipment is insane. I've done some consulting work for military contractors earlier in my career, and it's a well known and open joke in the industry that you can charge whatever you want for military engineering work. When the project is confidential the public doesn't get to know the details of what costed what and why, and no politician wants to be seen as someone who don't support the troops, so they'll happily hand over more and more of our tax dollars to these companies.
 
This is something all of humanity should be deeply ashamed of - it's one of our greatest failures. Imagine if you had to dedicate a significant portion of your household budget to regular hospital visits and home repairs because your kids were violent wild animals that try to kill each other and destroy each other's living spaces. You would clearly be an absolute failure of a parent, but for some reason we don't see it that way when looking at the larger group. It's rooted in ignorance, not knowing the deep intrinsic connection you have with all other humans, as well as with the rest of life on earth.

- It's been our nature since the begining also. How we developed as a people. Has been the way to move economies forever.

LIke the Terminator 2. Wheres John Connor see two kids playing with guns and asks T800:
- Can they help themselves?

We fight for a diferent religion, a diferent team collor, a diferent skin collor and a diferent accent. We're not as developed as animals as we like to think.
 
I've been told routinely we're spending less and less lol. Funny that
 
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