Global Military Spending Shows Misalignment of Priorities, says UN Secretary General UNITED NATIONS, September 10 (IPS) - Global military spending has been on the rise for more than 20 years, and in 2024, it surged across all five global regions in the world to reach a record high of USD 2.7 trillion. Yet, such growth has come at the cost of diverting financial resources away from sustainable development efforts, which the United Nations and its chief warn puts pressure on an “already strained financial context.”

Global Military Spending Shows Misalignment of Priorities, says UN Secretary General

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World military spending hits $US2.7 trillion in record 2024 surge - Sight Magazine World military expenditure reached $US2.72 trillion in 2024, an increase of 9.4 per cent from 2023, according to a report.

World military spending hits $US2.7 trillion in record 2024 surge @sightmagazine.bsky.social #SIPRI #worldmilitaryspending #Ukraineconflict #Russia #Ukraine

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