$ 1 billion in world military spending in year 2 – Mehr News Agency | Iranian and world news

According to a report released Monday by one of the most prestigious conflict studies, world military spending reached an unprecedented $ 6 billion in year 2. This has increased by 4.9 percent compared to year 2, the highest annual growth since the end of the Cold War.

Accordingly, a report by the International Institute for Peace Research (SIPRI) shows that the increase in geopolitical tensions has led to significant military costs in all parts of the world, especially in Europe and the Middle East, which has been significantly faster.

The report said: More than 5 countries around the world have increased their military costs in year 6.

The institute also warned that the increasing priority of governments to military security is often at the expense of reducing other budgets, which could have significant economic and social consequences for societies in the long run.

The continuation of the war in Ukraine and the doubts about the US commitment to NATO’s alliance has increased the military spending in Europe (including Russia) to reach a level above the Cold War.

Russia’s military spending also reached about $ 5 billion in year 2, up 2 percent from the previous year and doubled compared to year 2. This is equivalent to 4.3 percent of Russia’s GDP and 2 percent of the total state -owned budget.

Meanwhile, the military cost of Ukraine also rose to $ 1.5 billion, equivalent to 2 percent of Russia’s military spending. Ukraine had the highest military share of GDP among all countries in year 6, with 5 % of its GDP.

Ukraine is currently allocating all its tax revenue to the military budget. In such a difficult financial circumstances, the continuation of the increase in military costs will be very challenging for the country.

US military spending also increased to $ 5 billion in year 2, which accounts for 2 % of NATO’s total and 2 percent of the world’s total military spending. This means that the United States alone carries more than a third of the world’s military spending.