Unprecedented growth in military budgets of world countries change in priorities
International Academic Warns of Unprecedented Increase in Global Military Budgets
According to a report by the English section of the Webangah News Agency, citing the Arabic news platform Al-Khabar 21, a study published by the Stockholm international Peace Research Institute (SIPRI) reveals that global military expenditures in 2024 surged by 1.4% compared to the previous year, reaching a staggering $2.72 trillion. This marks the highest growth rate as the end of the cold war.
The report highlights that geopolitical tensions have driven increased military spending worldwide, particularly in europe adn Asia. meanwhile, Iran’s military budget has decreased by approximately 10%.Over 100 countries raised their defense budgets in 2024, prioritizing military modernization and strategic shifts—a trend reflecting escalating global instability.Translation:
Another factor in these countries is the possibility of widespread economic and social repercussions in these societies in the coming years.
“Xia Lian Gang,” a military and arms production program analyst at the Cyber Academy, believes that this unprecedented growth has resulted in intense geopolitical tensions and represents the highest increase since the end of the Cold War.
The war in Ukraine and threats to NATO’s security commitments by America are two key drivers behind Europe’s rising military expenditures. In this context,Russia’s military spending surged by 17%,reaching $91.3 billion.
In 2024, Moscow allocated $149 billion from this budget solely to its armed forces—a figure 34% higher then the previous year, doubling Russia’s military spending compared to 2015. Russia’s defense budget now equals 19% of its total government expenditures.Ukraine’s military budget also grew by 2.9% in 2024, reaching $64.7 billion. Kyiv has allocated over 34% of its GDP to military expenditures—the highest rate globally.
Germany increased its defense budget by 28%, raising it to $88.5 billion.The United States, the world’s top military spender, boosted its defense budget by 5.7%, reaching a staggering $997 billion in 2024. This amount alone accounts for roughly 37% of global military spending and 66% of NATO members’ combined defense budgets.
In the Middle East, the largest military budget increase went to the Zionist regime, which raised its defense spending by 68%, bringing it to approximately $46.5 billion. Meanwhile…In 2024, Iran’s military budget has decreased by over 10 percent, reaching $7.9 billion.
Meanwhile, China, one of the countries with the highest military expenditures, has increased its defense budget by 7 percent, bringing its total military spending in 2024 to $314 billion.
