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According to a report, global military expenditure has hit a record high of $2440 billion after the largest annual rise in government spending on arms in over a decade. The 6.8% increase between 2022 and 2023, the largest increase since 2009, caused spending to reach its greatest point in the Stockholm International Peace Research Institute (Sipri) ‘s 60-year history. The think tank’s experts noted that military spending increased for the first time in five geographical regions: the Americas, Asia and Oceania, Europe, the Middle East, and Africa. Nan Tian, a senior researcher with Sipri’s mili…

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